Agricool raises 28M USD to make urban farming a reality
In 2030, 20% of products consumed worldwide will come from urban farming (compared to 5% today). In the past 3 years, Agricool’s teams have developed a technology to grow local, healthy fruits and vegetables more productively and within small and controlled spaces, known as “Cooltainers” (recycled shipping containers transformed into urban farms). Thanks to this new funding round, Agricool will be able to confirm its role in the development of this new type of agriculture, while positioning itself as a key player in the segment of vertical farming in France and worldwide. Agricool plans to multiply by a hundred its production by 2021, in Paris first, then internationally starting with Dubai, where a container has already been installed for several months in The Sustainable City.
Photo: Strawberry grown in Cooltainer (credit: Agricool)
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