Series A18 June 2019

Intelligent Growth Solutions secures £5.4m Series A funding led by S2G Ventures to expand technology and operations

The funding round was led by S2G Ventures with participation from AgFunder and the Scottish Investment Bank to support global expansion and product development.

£5.4MSeries A

Intelligent Growth Solutions designs indoor vertical farming and commercial lighting systems. The Scottish business combines automated power management with smart Internet of Things technology.

Intelligent Growth Solutions has secured £5.4m in a Series A funding round led by US based S2G Ventures. The round also drew participation from AgFunder and the Scottish Investment Bank. The capital will be deployed to expand the company team across software development, engineering, robotics and automation, alongside boosting product innovation in artificial intelligence, big data and the Internet of Things. Additional funds will support the establishment of global marketing, sales and customer support operations on three continents.

From the founder

"We are thrilled to have the backing of the world’s leading agri-tech investors and the Scottish Investment Bank. We have recruited a world-class international management team, to be announced soon, to drive our plan forward with support from a board of senior international business people bringing industry expertise and best practice governance to the table."

David Farquhar

Chief Executive Officer at Intelligent Growth Solutions

Investor perspective

"Indoor agriculture production is at a tipping point. Grocery and food service firms have never been more interested in adopting this in their future supply chain. Cost and quality of product will be critical to scale this adoption. IGS’s revolutionary technology has proven itself to reduce power consumption, improve ventilation and hence reduce the capital and human costs to deliver fresh and differentiated products to consumers,"

Sanjeev Krishnan

Managing Director, S2G Ventures