Upright farmer Dream Harvest— which raised $50 million in late 2021 to money the growth of its center in Houston, Texas– is auctioning off a huge tranche of tools that it purchased in 2022, however has actually not yet released.
According to Silicon Valley Disposition, which is taking care of the auction on January 14-16, the sale functions equipment “bought brand-new in 2022 for $8 million, never ever took into manufacturing” consisting of product packaging tools, collecting tools, LED illumination, water tools cells, a watering system, containers and stands, trays, light weight aluminum, and an interaction system.
Chief Executive Officer Zain Shauk– that established Desire Harvest with Harmeet Singh in 2015– did not supply an upgrade on the firm’s efficiency or discuss why it is selling package that it purchased 2 years ago to increase the Houston center. He informed AgFunderNews: ” We are marketing a few of our extra properties in Houston. We have what we require in our various other centers.”
The information adheres to one more year of modification for the upright farming market that started in earnest in 2022. Smallhold and Bowery were a number of one of the most remarkable closures in 2024, while Lots has actually designated a brand-new acting chief executive officer and is supposedly in the middle of a recapitalization that can see its valuation plummet.
” Among the greatest obstacles with upright farming has actually been the absence of clearness in specifying the trouble being addressed and for whom,” Rishi Pethe of agrifood consulting company Steel Pet dog Labswrote this week Like others, he stressed the requirement to “strike an equilibrium in between leveraging innovation and sticking to farming finest techniques to guarantee effective procedures.”
That claimed, some business have actually still drawn in financing over the previous year, most especially upmarket berry cultivator Oishii, which just recently shut a $150 million collection B round.
According to initial information from AgFunder, moms and dad firm to AgFunderNews, the leading 5 rounds in upright farming in 2024 were increased by Oishii ($150 million), Upright Harvest ($59.5 million project financing), GrowUp ($49.3 million from Generate Capital), IGS ($28.6 million), and Hippo Harvest ($21 million led by Standard Investments).
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The message Brief: Vertical farmer Dream Harvest auctions off $8m of un-used kit purchased new in 2022 showed up initially on AgFunderNews.
发布者：Elaine Watson，转转请注明出处：https://robotalks.cn/brief-vertical-farmer-dream-harvest-auctions-off-8m-of-un-used-kit-purchased-new-in-2022/
