Following a commercial breakthrough in Vertical Farming, Rift Labs has just completed a highly successful fundraise.
We are excited to announce that Rift Labs has raised 17 MNOK ($1.7M) in new funding to fuel our growth in vertical farming and controlled environment agriculture.
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Finansavisen (Norwegian only)
Shifter (Norwegian only)
“We are excited to announce that Rift Labs’ has raised $1.7M in new funding to fuel our growth in vertical farming and controlled environment agriculture. We have already secured commercial contracts and great interest from global players for our vertical farming solutions during our recent participation in the Indoor AgTech Innovation Summit in New York, and now we are utilizing this momentum to scale and expand internationally.” says Halvard Aagaard, CEO of Rift Labs.
The round was led by the largest shareholder Karbon Invest along with substantial participation from existing shareholders. Bulk Industrier with Peder Nærbø was invited on- board as a new investor and participated in the round, joining the list of prominent existing investors such as Carucel Finance and Datum Invest.