Unfold: Bayer and Temasek's $30 million strategy toward enhancing vertical farming

August 14, 2020
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Unfold, a joint venture (JV) between Leaps by Bayer and Temasek, will develop new seed varieties tailored to vertical farming systems with an initial $30 million investment from the pair and rights to germplasm from Bayer's vegetable portfolio. Vertical farming's expansion has remained limited to herbs and greens due to their rapid production cycles, easy scalability, and low space constraints. Expanding such attributes to a greater diversity of crops is a significant, albeit early, opportunity underway by competitors like Inari. Moreover, linking compatible varieties directly to existing indoor production prescriptions is an interesting path to commercial success. Clients should expect investment from regions with high food import demand.

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