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Freya Cultivation Systems, a Lithuania-based AgTech startup, has raised €500,000 in seed funding from Coinvest Capital, BSV Ventures, and private investors Paulius Vilemas and Marko Lehtovaara. The funding will be used to build a demonstration greenhouse near Kaunas to test and validate the company’s Aeroframe system, a three-dimensional greenhouse technology designed to increase crop yields by optimizing cultivation space. Coinvest Capital contributed €250,000 to the round, highlighting its focus on supporting innovative solutions in agriculture. Freya’s technology, already utilized in pilot projects in Africa and by a space agency, aims to address growing demand for efficient greenhouse farming methods.
Freya Cultivation Systems, established in 2018, focuses on developing advanced greenhouse technologies to improve crop yields and resource efficiency. Its flagship product, the Aeroframe system, uses three-dimensional growing surfaces to optimize space in greenhouses, allowing for increased production without expanding the footprint. The company also integrates ultrasonic misting technology to provide precise irrigation for plant roots. Freya’s solutions have been applied in pilot projects across various regions, addressing challenges in sustainable agriculture and contributing to the advancement of Controlled Environment Agriculture (CEA).
CEO Lukas Bartusevicius said that the funds raised will be utilized to launch new pilot projects aimed at validating the Aeroframe system. This initiative will enable the company to expand its target market and increase sales up to EUR 3 million. The Aeroframe – Freya’s flagship product – is an innovative plant-growing system designed for commercial greenhouses. By leveraging three-dimensional growing surfaces, it doubles the usable cultivation area over available floor area and allows growers to triple their profits by significantly reducing per-plant costs.
According to the developers, the Aeroframe can deliver up to double the yield for various crops—such as strawberries, lettuce, herbs, and tomatoes—compared to existing systems.
“As the global demand for fresh vegetables is set outpacing the supply capacity of field agriculture, the need for greenhouse-grown vegetables is steadily rising. Currently, a quarter of the fresh vegetables available on retail floor are produced in greenhouses. Consequently, the greenhouse sector is expanding rapidly. Freya will help growers achieve groundbreaking yield improvements, and will cement its spot as a leading AgTech start-up. Our ambition is to become a unicorn and establish a bottom-up innovation ecosystem for Controlled Environment Agriculture (CEA) in Lithuania. We are deeply grateful to Coinvest Capital for its leadership in the Lithuanian startup ecosystem, to BSV Ventures for their long-term support and collaboration, and to all the business angels for believing in our team’s vision,” says L. Bartusevicius.
“This project combines elements rarely funded by generalist investors – deep technology, hardware, and agricultural production – yet the Freya team has successfully integrated them into a highly effective solution. I am confident that our investment will serve as a catalyst, opening doors to both regional and global markets, and enabling Lithuanian agri-tech innovators to claim their rightful position in this rapidly growing and promising sector,” said Viktorija Trimbel, Director of Coinvest Capital.
Coinvest Capital’s contribution in this investment phase amounted to EUR 250,000.
Freya plans to showcase and validate the benefits of the Aeroframe system to smart farm owners and operators from Central and Western Europe, the USA, Canada, and Japan in a newly planned greenhouse. Simultaneously, the system will undergo further development and automation, incorporating advanced seeding and harvesting technologies.
Freya has successfully completed several pilot projects using its titanium ultrasonic irrigators, which convert nutrient solutions into a fine mist with optimally sized droplets. The start-up’s technology is currently being employed to cultivate tomatoes in a World Bank-funded project in Djibouti, East Africa, and is also utilized by a biotech company in South Africa. Additionally, Freya’s innovative solutions are being tested by one of the world’s leading space agencies.
“Growing plants in fog is one of the most effective and efficient methods of cultivation. While this has been known for a long time, widespread adoption has been hindered by the limitations of existing technology. I am thrilled to unlock the biological potential of plants in a fog environment using our patented cultivation technology,” says Gediminas Kudirka, PhD in Agronomy and founder of Freya.
During this investment round, Freya Cultivation Systems was represented by Prevence Legal, a corporate law firm, Coinvest Capital was represented by TGS Baltic.
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Read the orginal article: https://arcticstartup.com/freya-cultivation-systems-raises-e500k-seed/