IUNU Raises $24 Million Sequence B to Speed up Market Place and Product Choices – City Ag Information

Seattle, Washington, March 15, 2022— IUNU immediately introduced it has raised an oversubscribed $24 million Sequence B spherical of financing led by Lewis & Clark Ventures. Present traders S2G Ventures, Ceres Companions, and Astanor Ventures additionally participated. This funding might be used to speed up the corporate’s development plans, particularly round world gross sales growth and new product introductions.

IUNU is growing the way forward for Managed Atmosphere Agriculture (CEA) with a set of options designed to carry information to the forefront of resolution making. Based in 2013, IUNU know-how powers a number of the world’s largest CEA operations. The corporate works with main corporations throughout the ecosystem, together with a number of the largest greenhouses and vertical farming corporations reminiscent of Pure Inexperienced Farms, Hollandia Produce, CubicFarm Techniques Corp. (TSX: CUB), the Purple Hat Co-operative, Jamco Growers, and Clever Development Options (IGS)

The corporate first launched within the leafy greens market, and now has greater than 25% market share in North America and 74% of the highest leafy greens greenhouse growers in North America run on IUNU’s LUNA Platform. Growers utilizing LUNA merchandise are rising income and yield, reducing labor prices, and seeing huge enhancements to the standard of their crops by detecting and remediating points sooner than ever. Along with leafy greens, the corporate
works with growers within the hashish, floriculture, and vine markets.

IUNU has seen an explosion of development in current months, increasing its group by 50% up to now six months in response to market demand for its options. With tons of of robots already deployed capturing photos in industrial operations and over 500 extra scheduled for deployment this yr, IUNU has deployed extra robots than some other firm within the business.

Along with its pc imaginative and prescient and synthetic intelligence system, LUNA AI, each 5 minutes, a batch of crops is harvested in LUNA CMP, the corporate’s manufacturing and workforce administration software program. Collectively, the corporate has developed the biggest manufacturing dataset within the business – this in flip brings probably the most granular actionable alerts and knowledge to buyer palms.

“IUNU has an unmatchable stack of complete product choices which have been constructed and refined since 2013 making them the know-how of selection for greenhouse and vertical farming operations,” mentioned Suhas Narayanaswamy, Principal at Lewis and Clark AgriFood. “We’re thrilled to be a part of an organization that’s enabling the world’s largest CEA corporations to be extra environment friendly and finally allow customers to entry higher high quality recent produce.”

“Greenhouse and vertical farming remedy important points round meals safety, meals security and shortage. IUNU’s know-how brings unimaginable effectivity positive aspects to indoor farming and is offering the inspiration for data-driven indoor rising operations going ahead,” mentioned Cristina Rohr, Managing Director at S2G Ventures.

The CEA market is experiencing unprecedented development proper now. To deal with this development, the corporate has lately accomplished two acquisitions of main corporations within the business: Artemis and CropWalk, and accomplished a model refresh. IUNU is the market chief in offering confirmed and trusted applied sciences to CEA growers and this newest spherical of funding might be used to proceed increasing its market presence.

“This spherical of funding displays the arrogance institutional traders have in us. The dialog round autonomous rising has accelerated up to now yr, and we’re proud to be main the best way on this entrance. We couldn’t be extra excited so as to add Lewis and Clark as a accomplice and to have our current traders proceed rising with us,” mentioned Adam Greenberg, CEO of IUNU.

“The CEA market has lastly come to some extent of confirmed growth and we’re honored to be trusted by industrial operators who run their companies on the LUNA Platform. This funding might be used to proceed fueling our development as we grow to be the biggest superior know-how firm within the CEA business,” mentioned Allison Kopf, Chief Advertising Officer and Head of Knowledge Merchandise at IUNU.

As a part of the Sequence B, Suhas Narayanaswamy, Principal at Lewis and Clark AgriFood has joined the IUNU Board of Administrators.

About IUNU
Based in 2013 and headquartered in Seattle, IUNU goals to shut the loop in greenhouse autonomy and is targeted on being the world’s main managed atmosphere specialist. IUNU’s flagship LUNA Platform combines cultivation administration software program with LUNA AI, a pc imaginative and prescient and synthetic intelligence system. This enables growers to maintain monitor of the trivialities of plant development and well being in indoor ag settings. IUNU’s aim is to show industrial greenhouses into exact, predictable, demand-based producers that optimize yield, labor, and product high quality. IUNU is the subsequent step in autonomous rising. For extra data, go to www.iunu.com or join with us on LinkedIn.

About Lewis & Clark Ventures
Lewis & Clark AgriFood is a St. Louis-based group of skilled funding professionals who’re keen about investing in corporations which might be on the forefront of meals and agriculture innovation. We search for corporations that ship advantages to the stakeholders within the meals and agriculture sector, from the producer, by the provision chain, all the best way to the buyer. We put money into corporations which might be on the development stage of their evolution, poised to scale their know-how to a nationwide or world scale. As founders, operators, traders and scientists, our seasoned funding group brings a breadth of high quality sector expertise to each funding. For extra data, go to www.lewisandclarkagrifood.com or join with us on LinkedIn or Twitter.

About S2G Ventures
S2G Ventures is a multi-stage enterprise fund investing throughout the meals, agriculture, oceans and seafood markets. The fund’s mission is to catalyze innovation to satisfy client calls for for wholesome and sustainable meals techniques. S2G has recognized sectors throughout the meals system which might be ripe for change, and is constructing a multi-stage portfolio together with seed, enterprise and development stage investments. Core areas of curiosity for S2G are agriculture, oceans, substances, infrastructure and logistics, IT and {hardware}, meals security and know-how, retail and eating places, and client manufacturers. For extra details about S2G, go to www.s2gventures.com or join with us on LinkedIn.

About Ceres Companions
Ceres Companions is a specialist funding supervisor centered solely on meals and agriculture. Ceres Companions manages two funding automobiles with distinct methods and funding targets: Ceres Farms, LLC which invests in U.S. farmland, and Ceres Meals & Agriculture Alternative Fund, which invests development fairness in rising working companies in meals and agriculture. For extra data on Ceres Companions, go to www.cerespartners.com.

About Astanor Ventures
Astanor Ventures is an impression investor that backs bold entrepreneurs the world over with disruptive, scalable options that may create systemic change throughout the agrifood worth chain, from soil to intestine. They accomplice with founders who’re dedicated to restoring steadiness and sustainability to the land and oceans, prioritizing nature and tradition, nurturing change and feeding development. For extra details about Astanor, go to Astanor.com or join with us on LinkedIn.

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