Futura Gaïa secures €11 million to fuel vertical agriculture

Futura Gaïa, a French startup that has designed an automated soil-based vertical farming solution, has secured €11 million to reach industrial scale.

Founded in 2019, Futura Gaïa designs and markets ready-to-use vertical farms that offer soil-based automation and are complementary to open-field and greenhouse agriculture. The French firm offers rotating geoponics, a soil-based solution for indoor plant production.

In 2020, the firm secured funding – €2.5 million – to build its first indoor farm in Taarascon, France. It includes 50 growing systems and combined advanced agronomical and technological innovations.

Now, with this new funding, the startup will enhance its agronomical and technological R&D capacities along with the installation of the first vertical farm at an industrial scale.

Existing and continuing investors include (UI Investissement, Sofilaro, Région Sud Investissement, Caap Création a subsidiary company of Crédit Agricole Alpes Provence, Occipac, Elpis and Alain François Raymond. New investors include Banque des Territoires, Abeille Impact Investing France, Colam Impact, InvESS’t PACA and several dozens of private individuals through Sowefund.

Photo: Futura Gaïa

READ MORE about how investment is growing in the vertical farming sector.

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