Key Takeaways
- Avisomo, an Oslo-based AgriTech startup, raised $5.45 million (€5 million) to enhance its automated vertical farming solutions.
- The funding includes a $1.74 million (€1.6 million) grant from Innovation Norway and $3.71 million (€3.4 million) from existing investors.
- Avisomo’s modular technology integrates seamlessly into supply chains, enabling local year-round food production with minimal resources and reduced environmental impact.
- The company is set to launch an industrial pilot with Norwegian food retailer Coop in 2025, aiming to produce 100 tons of fresh lettuce annually.
Avisomo Bags $5.45M To Further Develop Its Solutions
Fully Automated Vertical Farming
Avisomo, a leader in automated vertical farming, has raised $5.45 million (€5 million) to advance its technology and promote sustainable, large-scale local food production. The funding includes a $1.74 million (€1.6 million) grant from Innovation Norway and additional support from existing investors.
The company’s modular, “no-hands farming” system is tailored for large-scale operations, offering significant environmental and economic benefits. By integrating hydroponic and aeroponic techniques, Avisomo’s technology drastically reduces water use and food waste while enabling growers to produce fresh food locally year-round.
Addressing Food Waste and Emissions
Vertical farming, as developed by Avisomo, tackles key challenges in agriculture:
- Food Waste Reduction: Up to 30% of imported lettuce is wasted before reaching stores. Controlled indoor farming environments minimize disease risks and extend shelf life, reducing waste.
- Sustainability: Increased local production reduces transportation emissions and improves food security.
Accelerating Growth and Innovation
Funding for Advanced Technology
With this funding, Avisomo will continue developing its fully automated vertical hydroponic systems and complete its industrial pilot project. The investment also positions Avisomo to scale its operations and drive adoption of its technology internationally.
Industrial Pilot with Coop
Avisomo is nearing completion of an industrial pilot in partnership with Norwegian food retailer Coop. Starting in summer 2025, the facility will produce 100 tons of fresh lettuce annually, focusing on varieties that are typically imported, further reducing the environmental impact of transportation.
