Swedish agtech startup Urban Oasis claims to build the food production platform for the 21st century. The company started as a pilot project in 2017 with the mission to provide the city of Stockholm with affordable and sustainably-grown food products through indoor vertical farming technology. Currently, Urban Oasis’ leafy greens such as Kale, PakChoi, and Lettuce can be found at major Swedish retailers including ICA, COOP, and online grocer MatHem.
Funding to build MegaFarm
In a recent development, Urban Oasis pocketed 10.5M SEK (nearly €1M) funding from both existing and new investors. The company plans to use the funding to build its first MegaFarm and expand its production capacity by 15-20 times. The construction work for this facility has already started and is expected to be operational by the end of 2020.