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Italian Vertical Farming Startup Planet Farms Secures $40M At $500M Valuation

Nov 23, 2023•about 2 years ago

Amount Raised

$40 Million

MilanAgriculture and Farming

Description

Despite funding for vertical farms all but dropping off a cliff, Milan-based operator Planet Farms has recently announced the raise of $40 million

Company Information

Company

Planet Farms

Location

Milan, Lombardy, Italy

About

Planet Farms is a leading vertical farming company, founded in 2018 in Milan, that has developed a vertical cultivation system unique in the world, allowing the perfect harmonization of all the fundamental parameters for cultivating rich in taste and highly nutritious greens. The union of world-class technology and the best Italian agronomic tradition offers a concrete, scalable answer to the need for healthy, high quality greens, available all year round, affordable for everyone, and have low environmental impact.

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