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Vertical Field

Vertical Farming
Product stageSegments
Growth
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Growing System Producers
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Vertical Field is an Israeli startup that offers vertical farming mobile units that use a geoponic or soil-based platform to grow over 200 types of leafy greens. The units are similar to shipping containers and are equipped with LED lights and sensors that allow controlling and real-time monitoring of the plants’ growth. The units can easily be set up in a parking lot, allowing supermarkets and groceries to both grow and sell their own produce in close proximity. Vertical Field’s current crops include several varieties of lettuce, basil, parsley, kale, and mint. It plans to add mushrooms and strawberries by the end of 2021.

The company has secured contracts globally with players across different sectors. To install its units in supermarkets, the company has partnered with the Israeli supermarket chains Rami Levy and Victory, Magnit in Russia, and Varus in Ukraine.  In the corporate sector, the company has a contract with UAE’s Emirates Smart Solutions & Technologies (ESST). In the US, the company has partnered with Carlson Management to develop vertical farming units for the Glen Cove Senior living lodge.

In April 2021, Vertical Field announced its plans to list on the Canadian stock exchange TSX Venture Exchange via a reverse merger with A-Labs Capital IV Corp. The latter is expected to acquire all Vertical Field securities but keep the brand name unchanged. Upon listing, Vertical Field was expected to reach a valuation of USD 100 million and raise USD 20 million. It planned to use the proceeds to expand its reach in the North American 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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Product Overview
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Company profile
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Recent Updates

Partnerships
Geographic expansion
Oct 28, 2021
Vertical Fields launches vertical farm units in retail stores in Russia and Ukraine
Vertical Farming

Company Brief


HQ location:
Ramot Hashavim ISR
Founded year:
2006
Employees:
11-50
Funding data are powered by Crunchbase
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