Future Crops: Raises New Funding Round

Future Crops Raises New Funding Round

• Future Crops, an Israeli-Dutch fully automated indoor vertical farm provider, raised an undisclosed amount in funding
• The round was led by Tencent
• The company intends to use the funds to expand its capacities to meet demand, continue to increase its R&D capabilities and develop proprietary technology
• FutureCrops has established a fully automated indoor vertical farm in Westland, Netherlands
• The facility is equipped with high-precision agricultural technology and creates optimal climatic conditions to suit each crop
• FutureCrops maintains a strategic partnership with Israel’s Agricultural Research Organization (ARO) and closely collaborates with Wageningen University