Who knew high-tech farming of high-priced Japanese strawberries could be worth $50 million to investors?
With prices ranging from $15 to $50, the strawberries grown by the vertical farming startup Oishii aren’t going to be found in just any grocery store.
Instead, the nearly five year-old startup is taking what its co-founder Hiroki Koga called the Tesla approach and targeting the highest end of the market in a New York City a place where culinary decadence is
de rigueur.
“First of all our product. It’s almost a completely different cultivar. It has higher levels of sweetness and aroma about two to three more times sweetness in our strawberries. People are paying for that extra experience,” Koga said.
Forward Greens CEO: We are getting ready to massively expand in the next few months Pacific Northwest hydroponic vertical farming startup Forward Greens is deploying what CEO and founder Ken Kaneko believes is an easy to replicate, scalable, and financially sustainable business model for the booming indoor vertical farming industry.
Fortune Business Insights estimates that the global vertical farming market will be worth $12bn by 2028, growing at a compound annual growth rate of 24.8%. In the past few years, indoor farming companies growing leafy greens such as Plenty, Gotham Greens, Kalera, and Bowery Farms have attracted hundreds of millions of dollars in funding.
Three projects in south Bethlehem that come with pledges to add at least 150 jobs will be boosted by more than $1.4 million in Enterprise Zone Tax Credits through the city’s Neighborhood Assistance Program.