Today’s story highlight comes from Nicola Kerslake, founder of Newbean Capital, via Agfunder. Kerslake looks back at 2016, and has some major predictions for 2017. Take a look!
“For all of the year’s many horrors, 2016 was a banner year for indoor agriculture, the practice of growing crops in hydroponic, aquaponic and aeroponic systems in greenhouses, warehouses, and containers. The fledgling industry saw record investment fueling a wave of new indoor farm builds, innovative business models, and technology introductions.
Highlights included the launch of Square Roots, a Kimbal Musk-backed social-benefit endeavor to incubate new urban farmers utilizing Freight Farms’ container farms, and the inauguration of Aerofarms’s long-anticipated Camden, NJ vertical farm. The latter is notable because it uses aeroponics — misting plant roots with a nutrient-rich solution, rather than submerging them in water – and this is typically considered a trickier technology to implement commercially than the more common hydroponics. The upside is, in theory at least, more efficient growing. Both Freight Farms and AeroFarms raised equity from private investors during 2016, contributing to the $50m+ raised from private investors in the US last year.”