Freya Cultivation Systems, a Kaunas-based AgTech start-up, has actually protected EUR500k in seed financing to progress its ingenious greenhouse growing modern technology.
The financing round, led by Coinvest Funding and BSV Ventures, likewise consisted of financial investments from Sofigama and Zunami Oy, along with organization angels Paulius Vilemas and Marko Lehtovaara.
This shot of resources will certainly sustain Freya in creating a presentation greenhouse near Kaunas, focused on showcasing its three-dimensional Aeroframe greenhouse plant manufacturing system.
“ Expanding plants in haze is among one of the most reliable and reliable approaches of growing. While this has actually been understood for a long period of time, prevalent fostering has actually been impeded by the constraints of existing modern technology. I am enjoyed open the organic capacity of plants in a haze setting utilizing our copyrighted growing modern technology,” stated creator Dr Gediminas Kudirka
Established In 2018 by agronomist Dr Gediminas Kudirka, Freya is creating regulated setting farming (CEA) with its front runner Aeroframe modern technology. This system creates industrial greenhouse farming by leveraging three-dimensional expanding surface areas, successfully increasing the growing location and minimizing per-plant expenses.
The Aeroframe pledges produce renovations of as much as increase for plants such as strawberries, lettuce, natural herbs, and tomatoes, while enhancing farmer earnings by as much as threefold.
chief executive officer Lukas Bartusevicius commented that the funds increased will certainly be used to introduce brand-new pilot tasks focused on confirming the Aeroframe system. This effort will certainly allow the firm to increase its target audience and rise sales up EUR3 million.
Coinvest Funding added EUR250,000 to the financing round, emphasizing its self-confidence in Freya’s capacity.
Viktorija Trimbel, Supervisor of Coinvest Funding, said: ” This job integrates aspects seldom moneyed by generalist financiers– deep modern technology, equipment, and farming manufacturing– yet the Freya group has actually efficiently incorporated them right into an extremely reliable remedy. I am positive that our financial investment will certainly function as a driver, opening up doors to both local and worldwide markets, and making it possible for Lithuanian agri-tech pioneers to declare their rightful placement in this swiftly expanding and guaranteeing field.”
Freya has actually efficiently finished numerous pilot tasks utilizing its copyrighted titanium ultrasonic irrigators, which transform nutrient services right into a great haze with ideally sized beads. The startup’s modern technology is presently being utilized to grow tomatoes in a Globe Bank-funded job in Djibouti, East Africa, and is likewise used by a biotech firm in South Africa.
The demo greenhouse near Kaunas will certainly play a vital duty in confirming the Aeroframe system while bring in rate of interest from wise ranch drivers throughout Central and Western Europe, The United States And Canada, and Japan.
Freya likewise intends to boost the system with innovative automation attributes, consisting of seeding and gathering modern technologies.
Freya’s management group integrates know-how in agronomy, design, and organization growth. Led by Lukas Bartusevicius, with founder Vilmantas Rastutis driving advancement in ultrasonic misting modern technology, and Ignas Andrulevicius handling procedures, the group is reaching deal with its enthusiastic objectives.
The article Freya Cultivation Systems sows the seeds for greener growth with €500k funding showed up initially on EU-Startups.
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