Farmshelf

Overview
News
Vertical Farming?
Product stageSegments
Early
?
Growing System Producers
?

Based in New York, Farmshelf produces and sells plug-and-play hydroponic vertical farming systems and related control software that can grow lettuce, leafy greens, herbs, and edible flowers for F&B companies and personal use. The Farmshelf unit is a compact solution with a height of 6.1 ft and width of 3.3 ft that has integrated LED lighting, IoT sensors, and cameras to monitor and automatically control variables such as pH, nutrients, and temperature. 

The company claims that its solution can grow crops 2-3x faster than traditional farming, taking 4 weeks to grow crops from seed to maturity. Its Farmshelf Business solution can produce 3-4 lbs of crops weekly, while you can expect 8 heads of lettuce, 8 bunches of greens, and 8 bundles of herbs weekly from its Farmshelf home solution. Farmshelf can be pre-ordered for a price of USD 3,950 and also offers access to its control software, unlimited supply of seed pods and nutrients for USD 67/month. As of 2019, over 250 Farmshelf units have been sold to businesses across the US and it has partnered with popular hotels and companies including Hilton, Marriott, and Unilever and with celebrity chefs such Marco Samuelsson and Jose Andres.

Key customers and partners

In February 2022, Farmshelf partnered with Compass Group to supply its Farmshelf units to the latter’s foodservice locations across the UK, where it would be used to serve customers including schools, businesses, healthcare facilities, and event venues.

Funding and financials

Farmshelf’s last funding round was a USD 2.3 million convertible note from SOSV and URBAN-X in January 2021 


HQ location:
New Lab 19 Morris Avenue Building 128 Brooklyn NY USA
Founded year:
2016
Employees:
11-50
IPO status:
Private
Total funding:
USD 11.6 mn
Last Funding:
USD 795.0 k (Series Unknown; Feb 2024)
Last valuation:
-
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