Freya Cultivation Systems, an AgTech firm based in Kaunas, Lithuania, has successfully garnered €500K in seed funding to further its pioneering agricultural developments. This investment marks a significant step for the company as it seeks to expand its market presence and enhance its offerings. By focusing on commercial greenhouses, Freya aims to address the increasing global demand for sustainably grown produce, which is increasingly outpacing traditional agricultural methods. The company’s innovative approach to cultivation promises to increase efficiency and profitability for greenhouse operators worldwide.
The latest funding round saw participation from several key venture capital entities and private investors, including Coinvest Capital and BSV Ventures. Notably, Coinvest Capital contributed around €250K, showcasing a significant level of trust in Freya’s potential. This strategic investment aims to validate the company’s flagship product, the Aeroframe system, which has shown promise in doubling cultivation areas and tripling profits for growers. Historically, Freya’s focus has been on creating solutions that integrate deep technology with agricultural production, a niche often overlooked by mainstream investors.
What makes the Aeroframe system unique?
The Aeroframe system, a cornerstone of Freya’s offerings, aims to revolutionize plant cultivation in greenhouses. This system employs advanced ultrasonic E-nozzles to ensure precise and efficient irrigation, optimizing crop yield. Designed for versatile use, it is suitable for a variety of crops including strawberries, lettuce, and tomatoes. This innovation is supported by FreyaOS, a robust operating system that facilitates real-time analytics and control, ensuring a streamlined cultivation process. These technologies collectively contribute to more sustainable and efficient farming practices.
Who stands behind the investment?
Coinvest Capital, established by the national development bank ILTE, is an early-stage venture fund that has been pivotal in supporting Freya. By investing public funds from the EU and Lithuania, Coinvest Capital plays a crucial role in fostering innovation within the region. The fund’s director, Viktorija Trimbel, expressed confidence in Freya’s ability to penetrate regional and international markets. BSV Ventures, another key investor, focuses on supporting early-stage R&D teams with the potential for commercial breakthroughs, aligning with Freya’s goals of expanding globally.
Freya Cultivation Systems, founded in 2018 by Gediminas Kudirka, demonstrates a commitment to enhancing greenhouse cultivation through technological advancements. The ongoing development will integrate new seeding and harvesting technologies, further automating the Aeroframe system. This progressive approach has already been implemented in pilot projects in Djibouti and South Africa, showcasing Freya’s potential to adapt to various agricultural environments.
As Freya continues to grow, it plans to introduce its systems to smart farm operators in Central and Western Europe, the USA, Canada, and Japan. This international outreach underscores the company’s ambition to become a leader in Controlled Environment Agriculture (CEA). CEO L. Bartusevicius has articulated a vision of establishing an innovation ecosystem in Lithuania, setting a bold course for the company’s future.
Freya Cultivation Systems is well-positioned to make significant impacts in the agricultural sector with its innovative approach. The combination of strategic investments and cutting-edge technology enables Freya to meet the increasing demands for greenhouse-grown produce. By focusing on efficiency and scalability, Freya offers promising solutions for sustainable agriculture, potentially setting new standards in the industry.
