Grow-tec
Controlled Environment Agriculture
Company Overview
Snapshot
Founded in October 2004 by Shlomy Raziel, Grow-tec operates with 11–50 employees. The company secured its Seed funding round in May 2022, marking a significant milestone in its development of vertical indoor farming solutions.
Business overview
Grow-tec is an Agriculture & Food Technologies company specializing in Controlled Environment Agriculture. The company develops and offers vertical indoor farming solutions, particularly for tomatoes and cucumbers, aiming to achieve higher yields. Its core technology is supported by an existing patent portfolio, and it serves the agriculture industry by providing advanced cultivation and drying facilities.
Strategic signal
In March 2023, Grow-tec launched the world's first grow rooms specifically designed for tomatoes and cucumbers, achieving unprecedented yields. This development signals a significant advancement in vertical farming technology, demonstrating the company's capability to innovate and potentially disrupt traditional agricultural practices for high-value crops, offering a strong growth catalyst for investors in the agtech sector.
Company Intelligence Q&A
- When was Grow-tec founded?
- Grow-tec was founded in October 2004.
- Who is the founder of Grow-tec?
- Shlomy Raziel is the Founder & CEO of Grow-tec.
- What is Grow-tec's primary focus in agriculture?
- Grow-tec focuses on Controlled Environment Agriculture, specifically developing vertical indoor farming solutions for crops like tomatoes and cucumbers.
- What significant product launch did Grow-tec announce in March 2023?
- In March 2023, Grow-tec launched the world's first grow rooms designed for tomatoes and cucumbers, which are reported to achieve unprecedented yields.
- What was Grow-tec's most recent funding event?
- The funding was provided by a group of high-caliber angel investors.