Close

Add to pipeline

Save Close
You are viewing a limited version of this profile. To access i3's full capabilities.
Freight Farms
Save
Company logo (jpg or png)
Parent company
Edit alternate names

Short description

Developer of technology for modular, containerized growing systems for urban agriculture

Founded in 2011
Founded in

Company type Private Public (AGRI.U)
Company type

Industry Group agriculture & food

Sector indoor farming

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Boston, MA Boston, United States
Address
City
State
Zip
Country

Parent Companies

Website

Updated by Cleantech Group on 09/10/2023

Traction
  • 0 M&A items
tags
Similar companies
Customers
Save
Add Customer
Date Company
Partnerships
Save
Add Partnership
Date Partner Type
01/30/2020
Sodexo Sodexo
As part of the deal, Sodexo’s campus clients will come under Freight Farms’ ‘farming-as-a-service’ program like any other Greenery user. Freight Farms provides turnkey farming software, training, monitoring, refillables, and support.
View source    
Confirmed by Sodexo
Development Partner
Delete
Investment Rounds
Save

IPO INFORMATION

Date

09/07/2023

IPO status

Filed

IPO Type

SPAC

Amount

$147M

Initial shares

Ticker symbol

AGRI.U

Exchange listed

TSX

Prospectus URL

Prospectus

Source URL

Source

Description

Agrinam Acquisition Corporation announced that it has entered into a binding letter of intent for a proposed business combination transaction with Freight Farms. The deal ascribes a pro forma enterprise valuation of approximately US$147M, with Agrinam and Freight Farms becoming a combined entity and existing Freight Farms shareholders exchanging 100% of their shares for equity in the combined public company. Agrinam intends to announce additional details once a definitive agreement has been executed, which is anticipated to occur in Q3 2023.

Cancel Save
Add Investment
Date Investors Type Amount
09/07/2023 Agrinam Investments Agrinam Investments (1)
Post-money valuation of
In advance of its proposed merger with Freight Farms, SPAC Agrinam Acquisition Corp is targeting non-binding investment indications of approximately US$20M from existing sponsors and certain strategic investors. Agrinam's key sponsor, Agrinam Investments, has delivered US$4M to Freight Farms to demonstrate its commitment to the transaction.
 Follow-on Public Offering $4,000,000
Delete
Click to add IPO information
Products
Save
Add Product
Product image Name Product status Revenue model Cost metrics

Leafy Green Machine

A complete hydroponic farming system that can grow produce in urban areas. Allows for remote control of conditions such as temp., pH, etc.

 Pilot/Early Revenue Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
Delete
You are viewing a limited version of this profile. To access i3's full capabilities.
Back to top

Preload svg text font