Lambda Agri secures investment from Oxford Innovation Finance to scale crop-boosting greenhouse technology.
The funding will support research and commercial expansion for the company's light-converting agricultural additives.
Lambda Agri creates agricultural materials that convert ultraviolet light into red light to increase crop yields in greenhouses.
From the founder
"Oxford Innovation Finance makes decisions quickly and decisively. The OION members are a source of inspiration, as their capital has origins in their own founder stories. Their deep expertise means that founders will likely find mentors and advisors in the process, as well as capital. We’re pleased to have their support as we take GloGro towards commercialisation. This investment will help us build on Lambda’s strong and significant progress and demonstrate the full potential of our technology with growers."
Monica Saavedra
Chief Executive Officer at Lambda Agri
Investor perspective
"Lambda has developed a genuinely innovative approach to one of the fundamental challenges facing agriculture, how to increase productivity while making better use of the resources we already have. Its innovative technology has the potential to increase yields without requiring major changes to existing greenhouse infrastructure. The company’s early trial results are particularly encouraging, with substantial yield increases demonstrated across a range of crops, alongside strong commercial interest from major industry players. We look forward to working with the team as it moves towards piloting GloGro and commercialising its technology."
Richard Cooper
Managing Director, Oxford Innovation Finance
Use of funds
- 01Fund research and development
- 02Accelerate go-to-market
Investors
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About the company
LA
Lambda Agri
Developer of light-converting agricultural materials designed to increase greenhouse crop yields.
United Kingdom