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Crop One Holdings

Vertical Farming
Product stageSegments
Early
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Farm Operators: Hydroponics
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Based in Massachusetts, Crop One Holdings operates hydroponics-based vertical farming that produces herbicide and pesticide-free leafy greens. As of December 2021, the company operates a facility in Millis, Massachusetts, and serves more than 30 stores in the US through its subsidiary—FreshBox Farms, producing greens such as spinach, kale, and romaine as well as a spicy mix, spring mix, and a power blend.  

The company claims to have a longer commercial production history than any other vertical farmer in North America. It further claims that its proprietary technology and plant science help generate among the highest crop yields in the industry, up to 20%–60%, and at 25% to 50% of the capital cost of other vertical farming companies. It is also able to produce output that uses 99% less water compared to outdoor fields.

The company states that scaling its production is the most challenging aspect and has now begun expanding its operations seven years after commencement. As part of their expansion plans, the company announced a Joint Venture with Emirates Flight Catering in June 2018, and in December 2021, the two companies announced plans to build a 130,000 sq ft farm in Dubai, reportedly the largest vertical farming facility in the world. Crop One also plans to build a new facility every year for the next five years. The Dubai facility is expected to produce about 6,000 pounds of leafy greens per day, which will also serve Emirates’ customers, including 105 airlines and 25 lounges. In July 2022, the company announced the opening of its second farm, “Emirates Crop One” (ECO 1), a 330,000+ sq ft facility that is expected to produce up to 2 million pounds of leafy greens per year. 

In December 2022 , Crop One and Cold Spring Harbor Laboratory received a USD 1.5 million grant from the Foundation for Food & Agriculture Research (FFAR) to develop aquatic plants of the Lemnaceae (Lemna) family to provide high-quality protein for human consumption.

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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Company profile
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Recent Updates

Funding
Dec 19, 2022
Crop One and Cold Spring Harbor Laboratory receive an FFAR grant to develop a new plant-based protein
Vertical Farming
Geographic expansion
Dec 8, 2022
Crop One expands its US operations with new vertical farm in Pennsylvania
Vertical Farming
Geographic expansion
Dec 23, 2021
Crop One Holdings to open new vertical farm in Dubai
Vertical Farming

Company Brief


HQ location:
725 Main St. Millis MA USA
Founded year:
2012
Employees:
11-50
Total Funding:
USD 56.3 million
Last Funding
USD 2.3 million, Jul 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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