Vertical farming is gathering momentum, and venture capital and supermarket chains are among those taking an interest in the fast-evolving space, which involves growing food indoors in a controlled high-tech environment. By stacking soil on shelves, it essentially combines a greenhouse with a warehouse, says a report from JLL on the topic.
Witness the deal made by Leaps by Bayer, the impact investment arm of Bayer AG and Temasek, the global investment company headquartered in Singapore. The two organizations announced a joint investment to form a new company named Unfold, a venture that will focus on innovation in vegetable varieties with the goal of lifting the vertical farming space to the next level of quality, efficiency and sustainability.
While most startups in the vertical farming market are focusing on the development of more efficient infrastructure, Unfold is expected to have the assets required to unlock the genetic potential of vertical farming. By utilizin
