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Red Horticulture Secures $17M In Series A Funding For Dynamic Greenhouse Lighting

Nov 21, 2023about 2 years ago

Amount Raised

$17 Million

Round Type

series a

Lyon

Investors

UnigrainsDemeter ImEuropean Circular Bioeconomy Fund

Description

Today dynamic lighting company RED Horticulture closed a 17 million Series A funding round.

Company Information

Company

RED Horticulture

Location

Lyon, Auvergne Rhône Alpes, France

About

At RED Horticulture, we’re a team of experts with a passion for light and its application in agriculture. Since its creation in 2018, our team has grown, with 35 employees now spread across Europe. From engineers and agronomists to researchers, business development specialists, and technicians, we strive for excellence in our respective fields to contribute to a more sustainable agriculture, energy-efficient, and able to address the food challenges of tomorrow. Led by shared values, we commit ourselves every day to the support of producers and professionals of the industry by improving crop performance while minimizing energy consumption.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech