Company Overview
Snapshot
Founded in April 2015 by Jonathan Ofir and Eran Mordechay, LEAF Grow operates with 1–10 employees. The company has secured $9.02 million across four funding rounds from 16 investors. In May 2019, LEAF Grow closed an oversubscribed $4.5 million financing round to support the commercial manufacturing of its automated home-growing system.
Business overview
LEAF Grow develops a plug-and-plant system designed for the automated cultivation of medicinal plants and food. The company's core technology simplifies the growth process, enabling users to manage their plants remotely via a smartphone application without requiring prior horticultural knowledge. LEAF Grow operates within the Health Tech & Life Sciences sector, specifically targeting the medical cannabis and sustainable farming markets, and serves consumers with its automated home-growing solution.
Strategic signal
In May 2019, LEAF Grow successfully closed an oversubscribed $4.5 million financing round. This capital infusion was specifically earmarked to launch the commercial manufacturing of its fully automated home-growing system, signaling a significant step towards scaling production and market availability. This development indicates strong investor confidence in the company's product readiness and its potential to capture a larger share of the home cultivation market, particularly for medicinal plants.
Log in to access full profile ›Company Intelligence Q&A
- When was LEAF Grow founded?
- LEAF Grow was founded in April 2015 by Jonathan Ofir and Eran Mordechay.
- What was the most recent funding event for LEAF Grow?
- In May 2019, LEAF Grow closed an oversubscribed $4.5 million financing round to launch commercial manufacturing of its automated home-growing system. Investors in this round included Arcadian Fund and Isaac Maresky.
- What is LEAF Grow's primary product?
- LEAF Grow's primary product is LEAF, a plug-and-plant system that automates the growth of medicinal plants and food, controllable remotely via a smartphone.
- When did LEAF Grow announce it would start shipping its home cannabis farming box?
- In February 2018, LEAF Grow announced that its home cannabis farming box would begin shipping.
- What was the focus of LEAF Grow's seed round in August 2016?
- In August 2016, LEAF Grow raised a seed round, which coincided with the launch of its in-home cannabis growing system. Investors in this round included Jason Calacanis and Phyto Partners.