iFarm’s urban greenhouses deliver organic revolution
iFarm Project, which develops modular automated farms to produce natural vegetables, salads, and berries year-round, has raised $1 million to develop iFarm technology and enable it to enter the international market.
iFarm aims to revolutionise organic farming and production by setting up units in empty ‘brown site’ spaces. Each farm is connected to a cloud-based management system, which sets the growing conditions, and links it to a unified sales distribution network.
Aimed at small and medium enterprises, iFarm uses easy-to-use plug-and-play modules. Farm units can be set up in empty warehouses, workshops, basements, or on the roofs of buildings.
Each farm is connected to a cloud-based management system, which sets the growing conditions, and a unified network of sales distribution. No pesticides are used and crops aren’t chemically treated for long-term storage because delivery to sales outlets can come within an hour of harvest.
Growing recipes can be downloaded from a centralised database, making it possible to grow goods at the press of a button, without having to study agriculture. The modules also include seeds, fertilizers, and electronics, all optimised for an urban environment, and require significantly less electricity, water and fertiliser than conventional greenhouse methods.
“The investments from this round will be used to develop technology and expand our team, including our engineering, construction and agro projects teams, as well as to pilot the technology on the European market,” said Alexander Lyskovsky, iFarm founder and CEO.
iFarm Project was founded in June 2017. By the end of 2018, the company had formed a team of over 30 professionals in agriculture, IT, engineering and sales, built five greenhouses and vertical farms, opened its own shop, and set up partnerships with restaurants and food retail. In 2019, iFarm plans to enter the international market, which the funding will allow, in addition to the further development of iFarm technology.
VC fund Gagarin Capital was gained as the lead investor, and others include Sergey Ryzhikov, CEO of 1C-Bitrix; Sergey Ambrosov, member of the Board of Directors of the Russian Association of Franchising and former CEO of Invitro; and Artem Rudi, co-founder of Atlas clinics and the Uniscan Research company.