Intelligent Growth Solutions
Financials
Estimates*
EUR | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | 4.7m | 1.1m |
% growth | - | 26 % | 5104 % | 458 % | (76 %) |
EBITDA | - | (5.3m) | (14.7m) | (23.3m) | - |
% EBITDA margin | - | (32930 %) | (1737 %) | (494 %) | - |
Profit | - | (5.6m) | (14.6m) | (24.2m) | - |
% profit margin | - | (34491 %) | (1733 %) | (515 %) | - |
R&D budget | - | <1m | 1.2m | - | - |
R&D % of revenue | - | 4252 % | 139 % | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
* | £5.4m | Series A | |
£1.6m | Series A | ||
N/A | $5.0m | Convertible | |
£42.2m | Series B | ||
N/A | Support Program | ||
£12.0m | Series B | ||
N/A | Grant | ||
* | £22.5m | Series C | |
Total Funding | €105m |
Recent News about Intelligent Growth Solutions
EditIntelligent Growth Solutions (IGS) is a startup that operates in the vertical farming technology market. The company provides a controlled growing environment for propagator and nursery growers, enabling them to enhance the consistency of their starter plants and propagules, thus improving yields. This technology reduces waste associated with plant variation and provides a bio-secure environment free from pesticides.
IGS's vertical farms are designed to grow a range of seed-to-harvest crops. The company's Growth Towers, a smart system built for any environment, can be optimized for compound density and speed of growth. This technology is managed from a single source and is modular, meaning it can easily scale up as the client's needs grow.
The company's business model is based on selling their vertical farming technology to growers who want to improve their crop consistency and yield, reduce waste, and grow in a pesticide-free environment. By providing a controlled, climate-secure environment, IGS's technology offers benefits over traditional farming methods.
The company's clients are predominantly propagator and nursery growers, but the technology is built to be adaptable for any environment, making it suitable for a wide range of potential customers worldwide.
Keywords: Vertical Farming, Controlled Environment, Propagator Growers, Nursery Growers, Growth Towers, Bio-Secure Environment, Pesticide-Free, Seed-to-Harvest Crops, Modular Solutions, Scalable Technology.