Arctic Farming

Overview
News
Vertical Farming?
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Minimum Viable Product
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Growing System Producers
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Based in Finland, Arctic Farming offers fully automated plug-and-play portable aeroponic vertical farming modules for wholesale, retail, and restaurant applications. The vertical farming modules are equipped with smart technologies such as sensors, computer vision, and machine learning that automate growing and climate control processes. It also features a closed-loop water system that claims to reduce water usage by 95%. The modules can grow vegetables and berries and can be used in any indoor space that has access to water and electricity. 

As of July 2022, Arctic Farming had not commercialized its product but planned to launch in August 2022, targeting restaurants in Helsinki, Finland. The company has successfully validated its technology with more than a dozen crops including vegetables, herbs, and protein legumes such as soybeans following two years of research and development. 

Funding and financials

In July 2022, the company raised EUR 150,000 (~USD 152,922) in seed funding to support commercialization, product development, and international expansion efforts. Later in May 2023, Arctic Farming has raised EUR 350,000 (~USD 375,000) in seed funding from Heino Group and Norex International. to commercialize, focusing on finalizing its first commercial product, and refining its vertical farming appliance to ensure seamless integration into HoReCa (hotel and restaurant sector) operations. The funding will also enable the company to attract top talent, expand its team further, and support international expansion plans.


HQ location:
Otakaari 5A Espoo FIN
Founded year:
2019
Employees:
1-10
IPO status:
Private
Total funding:
USD 537.4 k
Last Funding:
USD 384.0 k (Seed; May 2023)
Last valuation:
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