No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home GREEN

Lithuanian agtech startup Freya Cultivation Systems raises funding for aeroframe system development

Arctic Startupby Arctic Startup
December 17, 2024
Reading Time: 5 mins read
in GREEN, SCANDINAVIA&BALTICS, VENTURE CAPITAL
Share on FacebookShare on Twitter
– Advertisement –

–>

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.

Click to read more funding news.

– Advertisement –

–>

Read the orginal article: https://arcticstartup.com/freya-cultivation-systems-raises-e500k-seed/

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

REAL ESTATE

Bahnhof plans bunker data center in Gothenburg, Sweden

May 10, 2025
GREEN

Ground broken on data center for supercomputer in Slovenia

May 10, 2025
UK&IRELAND

Big Interview: Meet the 18-year-old dropout building the AI agent to rule them all

May 10, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Venture capital investments top €1.3bn in 208 rounds as of Sep30  in Italy. They were €1.5 in all 2023. The new BeBeez Report

Venture capital investments top €1.3bn in 208 rounds as of Sep30 in Italy. They were €1.5 in all 2023. The new BeBeez Report

October 28, 2024
Next Post

Norwegian fintech startup is acquired by Sokin to strengthen European payments presence

Swedish fintech startup closes €22 million funding round to accelerate growth in embedded finance

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart