Intelligent Growth Solutions (IGS) is a Scotland-based startup established in 2013 that specializes in manufacturing cutting-edge vertical farming technology. The company's primary goal is to tackle global grower challenges such as extreme weather, labor shortages, and the impact of pests and disease through a combination of scientific and engineering expertise. IGS made a strategic decision in 2017 to exclusively focus on developing top-tier technology for growers, refraining from commercial crop cultivation.
IGS has devised Total Controlled Environment Agriculture (TCEA), setting a new standard in Controlled Environment Agriculture (CEA) that ensures consistent and predictable crop yield through tailored growth recipes and a biosecure environment. This approach, coupled with complete automation of the farm's environment, minimizes labor requirements and the risk of pests and diseases. The company is actively deploying its vertical farming technology across multiple continents, collaborating closely with growers to enable the consistent production of high-quality plants in any external weather condition.
Since its establishment, IGS has been committed to elevating sustainable plant production through its scalable and modular technology. The company's achievements have been recognized with the prestigious B Corp status in 2023, highlighting their exceptional environmental and social performance.
Most recently, IGS secured a significant £22.50M Series C investment on 18 January 2024, with backing from prominent investors including Cleveland Avenue, S2G Ventures, Osparie Ag Science, Scottish Enterprise, DC Thomson, and COFRA Holding. This latest investment underlines the confidence of industry leaders in IGS's pioneering approach to revolutionizing commercial vertical farming, solidifying its position as a key player in the Agriculture, Automation, and AgriTech sectors.
Overall, IGS's track record of innovation, dedication to sustainability, and strong financial backing position the company as a noteworthy contender in the burgeoning vertical farming technology space.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series C | £22.50M | 6 | DC Thomson, COFRA Holding | 18 Jan 2024 |
Series B | £11.95M | 1 | 31 Jan 2023 | |
Series B | £42.20M | 7 | DC Thomson, COFRA Holding | 04 Nov 2021 |
Convertible Note | $5.00M | 1 | 21 Dec 2020 | |
Series A | £1.60M | 2 | 26 Sep 2019 |
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