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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Further Reading

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Pairwise secures $90 million Series B for next-gen crop development of leafy greens and fruits

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News Commentary | March 01, 2021

Kalera, vertical hydroponics developer and producer of leafy greens, microgreens, and herbs, announced its acquisition of Vindara, a pioneer in engineering seeds for indoor growing environments. Through the acquisition, Vindara will become a fully owned subsidiary of Kalera and provide Kalera with ... Not part of subscription