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26 Seasons: Controlled Environment Agriculture leader in plant yield for commercial viability - Series A investment opportunity

Opportunity for

  • Investors - including HNW, Angels, Family Offices, VCs, and other strategic investors.
  • Those in the Middle East or South East Asia interested in a strategic partnership to grow in market.

Opportunity description

Industry challenge

Climate change and food security concerns are changing the way the world produces food. Indoor farming makes food production resilient to changes in climate, whether that is rising temperatures (strawberries do not fruit over 26 degrees), or more catastrophic weather events destroying crops. Countries around the world are onshoring food supply chains to ensure there is enough food for their rising populations. Many of these places do not have enough arable land for outdoor crops.

Current opportunity

The last few years have been hard for vertical farms with rising energy costs and a changing investment focus to more profitable businesses. By being plant centric, 26 Seasons is the world leader in strawberry yields within a vertical farm, at more than double our competitors. Combined with considerably lower CAPEX requirements, our farms target a 3-year payback period, rather than decades.

It is time for us to scale this technology around the world, and we are seeking investment to do that. We are looking for investors who could be interested to follow on for Series B, or have a strategic interest in one of our target markets that can help with international expansion.

Opportunity background

We currently have a commercial facility in New Zealand that is supplying the domestic market. We started operating in 2017 and have worked through various different pilot stages to get to our current scale. Through this, we have developed the IP and knowledge to licence the grow system to third parties, minimising the amount of capital required to scale. We are focusing on the Middle East and South East Asia regions, and are in discussions with a number of parties with the aim to have an agreement signed before the end of 2024.

The issue most other vertical farms have is an inability to make it commercially viable. Our low CAPEX system means that payback periods are measured in months, rather than decades. This increases the number of crops that can be grown profitably.

Potential other applications

Our technology can be applied to many different crops, and we are currently working on what comes next after strawberries.

Opportunity type

Seeking investment, Seeking partners

Express interest by

Monday, 30 September 2024 22:00 Australia/Sydney

Readiness

Any (TRL 1-9)
For opportunities that are seeking solutions providers who are at any stage of readiness.
What does this mean?
Describes the stage of the challenge or opportunity being pursued.

Opportunity led by

Fruits

26 Seasons

26 Seasons is a farming technology company that is redefining what it means to eat fresh by sustainably producing premium strawberries at scale in its indoor vertical farm all year round.
  • Location

    New Zealand

  • Organisation type

    Startup or Scaleup or SME

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