OneFarm

Overview
News
Vertical Farming?
Product stageSegments
Early
?
Farm Operators: Hydroponics
?

Based in the Netherlands, OneFarm builds and operates hydroponic vertical farms that use AI, IoT, and LED lighting to grow a range of herbs and lettuce vertically. OneFarm sells its vertically farmed produce via its subsidiary “Wholly Foods.”  The company’s circular farms reportedly have the lowest carbon emissions per ton of harvested lettuce compared to other farming methods including traditional agriculture.

OneFarm is also a part of two additional vertical farming projects in the Netherlands: “SILOOS Project” and “A Lab Vertical Farm.” The former is a proposal for vertical farm that would feed 15,000 people in Zeeburger Island, Amsterdam. The latter is a community-run project to explore vertical farming technologies and educate people on how farming is evolving in the 21st century.

In September 2023, OneFarm filed a notice of intention (NOI) for its UK subsidiary, OneFarm Limited, seeking the appointment of administrators to save the company from liquidation.

Key customers and partnerships

However, the company states it was difficult to find sufficient funding to expand vertical farming operations in the Netherlands and hence announced that it is opening its first vertical farm in the UK in Q2 2022. The company partnered with UK-based vertical farm developer Intelligent Growth Solutions (IGS) in May 2022 to open its first vertical farm in Suffolk, UK by Q2 2023. OneFarm and IGS have committed to build 25 farms (including the Suffolk farm) across the UK. OneFarm has also secured agreements to supply its produce to local retailers. 

Funding and financials

OneFarm is raising funds for its Suffolk farm through a debenture open to public and private investors via Abundance Investment, a UK-based online investment platform for green infrastructure projects. The company has raised GBP 1.7 million out of its GBP 6.7 million goal. In August 2022, OneFarm announced that it had completed the initial funding requirement for the construction of the farm, raising GBP 7.5 million (~USD 8.78 million).


HQ location:
20-22 Wenlock Road London GBR
Founded year:
2017
Employees:
1-10
IPO status:
Private
Total funding:
USD 8.7 mn
Last Funding:
USD 8.7 mn (Undisclosed; Aug 2022)
Last valuation:
-
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