Deals round-up | AeroFarms, Dott + Avvir
Vertical farming firm, AeroFarms, has raised $100m in its latest funding round led by Ingka Group, the parent company of Ikea, and an existing investor.
As reported by the Financial Times, the funding brings AeroFarms’ total valuation to $500m.
The indoor farming company uses artificial light to grow fruit and vegetables without pesticides and enables it to be produced closer to consumers.
There has been increasing focus on indoor farming, with online supermarket giant Ocado announcing a £17m investment into the sector.
Despite micro-mobility becoming quite a crowded market, that hasn’t stopped Amsterdam-based startup Dott from raising €30m to fund the launch of its e-bikes and scooters,
The round was led by investors EQT Ventures and Naspers.
The scooters are designed to be sustainable, with trip data shared with municipalities to provide an accurate picture of current traffic flows to help city planning of bike lanes and parking zones.
Berlin-based e-scooter operator, Wind Mobility, has also raised $50m this week with existing investors.
Founded in 2017, Wind is active in 20 cities around the world and with the new investment the firm expects to expand further and roll out its third generation of scooter.
Avvir, an automated construction platform for monitoring and building digitisation, has raised a $2.5m seed round led by Khosla Ventures with participation from MetaProp and Localglobe.
Avvir is currently in pilot with Facebook, ExxonMobil, and Goldman Sachs, as well as municipalities like the New York City Economic Development Corporation.
The company has previously helped construction lenders iStar make payment commensurate with completed work, the University of Pennsylvania identify issues on a major hospital project in near real time, and the United Arab Emirates ensure their new mission to the UN was completed to specifications.