Phytoponics Raises £500k in Investment (2020)

Phytoponics Raises £500k in Investment (2020)

The Phytoponics’ Deep Water Culture solutions are configured around grow modules which enable fully controlled soilless growing conditions without the need for additional substrates such as rockwool or coconut coir, but with the additional ability to apply unique root zone management to the crop. “We have developed a range of Deep Water Culture hydroponic growing solutions that are suitable for large scale commercial crop production, tested and refined to deliver high quality taste and yields for vine tomatoes, cucumbers, peppers, with recent trials on soft fruits”, the teams says. Now they’ve completed a £500,000 equity financing round and announce their first project on commercial scale.

The £500,000 investment comes from a number of existing shareholders with match funding provided by the Development Bank of Wales as the company’s first institutional investor. Established in October 2016, Phytoponics is headquartered in Abersytwyth and currently has a technical R&D facility in Yorkshire at Stockbridge Technology Centre, the renowned horticultural research and agriculture innovation hub. – Hortidaily (link)

As reported in the following outlets:

https://www.pocklingtonpost.co.uk/business/ps500000-finance-fruitful-firm-2860923

https://developmentbank.wales/news-and-events/ps500000-grow-aberystwyth-horticulture-business