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Netled

Vertical Farming
Product stageSegments
Seed
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Growing System Producers
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Netled, the leading vertical farming technology provider in Finland and provider of Vera, a vertical farming system equipped with LED lighting, heat recovery, automation software, and horticulture intelligence features. Vera consumes 60% less energy and 95% less freshwater than alternatives

Vera comes in three versions: Instore (mid-sized, allowing a harvest of up to 300 plants each day), Compact (70,000 heads of lettuce per year), and Industrial (for large industrial farms to scale production). The company’s partners include Vertigo Farms (Poland), Salladsfabriken (Finland), and Orto Novo AB (Sweden). In February 2021, Vera entered the North American market via its partnership with Rambridge Wholesale Supply in Calgary to produce lettuce and herbs.

In July 2021, the company entered into a three-year agreement worth EUR 15 million (USD 17 million) to supply Oh My Greens, a producer of potted herbs and other fresh food products across Sweden. The contract is considered the largest turnkey technology deal in the indoor agricultural market to date. Netled is also expected to provide technical and consultancy services to Oh My Greens over the next five years as part of the contract. For Netled, the agreement expands its market presence in Sweden. The first delivery of the Vera System is expected to be completed by Q2 2022 and is estimated to be worth EUR 3.2 million. The company aims to use its decades of expertise to compete with vertical farming companies like Urban Oasis and Grönska in Sweden.

In June 2021, the company reported that it is also planning to enter the UAE market.

Vertical Farming

Vertical Farming

Key stats
Featured companies
103
Total funding (USD)
5.7 Bn
Total addressable market (USD)
36.4 Bn
Key competitors
 
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EDGE Insights

Vertical Farms July Update - Rising raises fresh green

Recent Updates

Management news
Jan 10, 2024
Netled applies for corporate restructuring
Vertical Farming
Partnerships
Jun 28, 2023
Netled partners with Rejlers to streamline vertical farming project management
Vertical Farming
Partnerships
Jul 13, 2021
Netled signs EUR 15 million deal to provide its vertical farming system to Oh My Greens in Sweden
Vertical Farming

Company Brief


HQ location:
A 2 Pirkkala FIN
Founded year:
2007
Employees:
11-50
Total Funding:
USD 5.5 million
Last Funding
USD 1.3 million, Aug 2020

Funding


Funding data are powered by Crunchbase
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