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BlueRedGold secures €2.73M to enhance automated saffron cultivation, led by PINC. The funds will support constructing a groundbreaking modular facility for profitable saffron production.

Jun 18, 20256 months ago

Amount Raised

€2.73 Million

Round Type

seed

MariefredFarming

Investors

Polar VenturesThe Food Tech LabPinc

Description

BlueRedGold has raised €2.73 million in investment for their automated saffron cultivation system. The funds will be used to construct a first-of-its-kind blueprint facility designed for profitability. The venture is led by PINC, the venture arm of international food company Paulig, along with The Food Tech Lab and PolarVentures. This funding aims to scale saffron production sustainably across various industries.

Company Information

Company

BlueRedGold

Location

Mariefred, Södermanland County, Sweden

About

BlueRedGold is a Swedish agritech startup that specializes in developing high-tech indoor automation systems for saffron cultivation. Their innovative system replicates ideal growing conditions indoors, allowing multiple cultivation cycles per year while automating the intricate processes of saffron flower picking and stigma separation. The company aims to license their system globally across various sectors, including food, medical, cosmetics, and nutraceutical. With a strong focus on quality and sustainability, BlueRedGold seeks to reshape the saffron supply chain.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers