Italian farming startup Planet Farms raises a €36.6 million Series B for its vertical farming expansion in Italy and the UK

Planet Farms is a leading vertical farming company, that has developed a unique vertical cultivation system, allowing the harmonization of all the fundamental parameters for cultivating rich in taste and highly nutritious greens. Here are details of Planet Farms‘ latest funding round :

🚀 Launch

2018

🏭 Industry

Agriculture

🧠Management

Luca Travaglini (Chairman & Co-CEO)

💸 Funding & Investors

INVESTMENT (Novembre 2023)€36.6 million (Series B)
INVESTORS (Novembre 2023)

🎯 Funding purpose

Expand its operations into Italy and the UK. Planet Farms will use the funds to complete its new facility in Cirimido, Italy, which will be operational by the end of summer 2024. The new facility will be one of the largest vertical farms worldwide with a 20,000 square meter area.

🌐 Country HQ

Italy (Milan)

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