18 Jan. 2022

UK vertical farming company, Vertical Future raised $29 million (USD) in one of the largest investments in vertical farming made in the UK. The company believes the UK vertical farming market is worth 6-8 billion pounds, including growing crops for pharmaceuticals, nutraceuticals and phytopharmaceuticals. By going beyond the usual growing of leafy and microgreens, Vertical Future is hoping to provide the UK with greater food security by providing affordable vegetables.

Vertical Future develops and deploys vertical farming hardware and technology. It has a range of projects in Britain and overseas, including in Ireland, Italy and Singapore.

“Our indoor vertical farms offer a cost-effective way to dramatically increase output and productivity per cubic metre, enhance nutrient profiles, and improve flavour; all through an approach that is completely free from pesticides," said Jamie Burrows, company co-founder. With the raise Vertical Future is valued at about $136 million.

In 2019, British online supermarket Ocado (OCDO.L), invested 17 million pounds into vertical farming, forming a joint venture with U.S. based 80 Acres Farms and Dutch company Priva Holding. Ocado also acquired a 58% stake in vertical farm operator Jones Food Company. In 2021, Tesco (TSCO.L), Britain’s biggest supermarket group, was supplied with strawberries vertically-grown by Direct Produce Supplies Ltd.

More Information on Vertical Future

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