Agrifood Tech | June 8, 2023

Source.ag bags $27 million to give greenhouses an AI boost

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, June 8 – Greenhouses provide climate-stable environments for growing food, while reducing water use and inputs needed on traditional outdoor farms.

“The global demand for greenhouse agriculture is rising, but its growth is being hindered by the shortage of experienced growers and unprecedented economic and climate-based challenges,” noted Rien Kamman of Source.ag.

The Netherlands-based startup is developing AI-enhanced greenhouse management software that “simulates plant biology and predicts expected resource usage and yield” on a plant-by-plant basis. High-tech farmers.

Source.ag raised $27 million in Series A financing from Astanor Ventures, Acre Venture Partners, Hico Capital and E14. Several Dutch greenhouse operators also participated.

The Netherlands, barely bigger than the state of Maryland, is second only to the US in agricultural exports, thanks to its high-tech greenhouses and other growing systems.