Agtech IoT startup Freight Farms raises $7.3M Series B
Jun 14 2017
Freight Farms, a Boston-based micro-farm startup that builds automated farm systems in shipping containers closed $7.3M in Series B funding. The latest round was led by Spark Capital.
The SEC documents for the funding round, filed on April 4, 2017, show that the startup’s total equity funding currently exceeds $12M.
Led by Jonathan Friedman and Brad McNamara as co-founders of the company, the connected micro-farm is used to grow a variety of lettuces, herbs, and other greens. The freight container uses an automated watering and fertilizing technology. The two integrated products of the startup are a leafy green machine and FarmHand, a mobile-app based personal farm assistant.
The leafy green machine is a micro-farm built entirely inside a 40’ x 8’ x 9.5’ shipping container outfitted with temperature, pH and EC sensors and controls, LED light strips, a closed loop hydroponic system, and a touchscreen dashboard.
The ‘things’ of this micro-farm are internet connected with remote access through the mobile app or a web browser. Farmers can control temperature, humidity, CO2, nutrients and pH levels inside their farm from their iOS device or web browser. Real-time data from sensors and in-farm cameras allows farmers to track a farm’s climate conditions and set parameters for ideal growing conditions.
View our smart agriculture resource page for more companies battling in this market.
+ Farmers can also remotely track germination, transplant, and harvest dates and amounts.
+ The remote IoT enabled farming solution also consists of a digital Farmhand Shop which can be to purchase farming supplies. Users can browse through a curated collection of seeds, nutrients and farm supplies from hydroponic and indoor gardening brands.
+ Freight Farms' customers include urban farmers, traditional farms, produce distributors, and universities.
How #agriculture and technology can transform Kenya: https://t.co/r66ADNxv6U by @UreportKe pic.twitter.com/HaG38easij
— Freight Farms (@FreightFarms) June 8, 2017