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soonicorn
Provider of vertical farming solutions for the agriculture industry
2013•Dundee (United Kingdom)•Series C
Last updated:
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Intelligent Growth Solutions Key Metrics
Total Funding
$102M
in 7 rounds
Latest Funding Round
$28.5M
Series C, Jan 18, 2024
Post Money Valuation
$24.4M
as on Jun 07, 2019
Investors
DC Thomson
& 67 more
Ranked
5th
among 228 active competitors
Annual Revenue
£612 ($842)
as on Dec 31, 2021
Employee Count
47
as on Dec 31, 2020
Similar Companies
BOWERY FARMING
& 46 more
Intelligent Growth Solutions - About the company
What does Intelligent Growth Solutions do?
Provider of vertical farming solutions for the agriculture industry. It develops a vertical farm through automated growth towers, power management, and LED lighting solutions. It offers solutions for entrepreneurs, nurseries, pharmaceuticals, energy providers and more.
Which sectors and market segments does Intelligent Growth Solutions operate in?
- Intelligent Growth Solutions serves in the B2B space in the Food and Agriculture Tech market segments.
- The primary business model of Intelligent Growth Solutions is:Food and Agriculture Tech > Crop Tech > ***** **** > ***** ******
Company Details
- Website: www.intelligentgrowthsolutions.com/
- Social:
- Email ID: *****@intelligentgrowthsolutions.com
- Phone Number: +44 **********
Which legal entities is Intelligent Growth Solutions associated with?
Intelligent Growth Solutions
is associated with
2
legal entit
ies
given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
INTELLIGENT GROWTH SOLUTIONS LIMITED | Jan 16, 2013 | - | - | 978 |
Intelligent Growth Solutions Limited | Jan 16, 2013 | - | - | 125 |
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Intelligent Growth Solutions's funding and investors
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How much funding has Intelligent Growth Solutions raised till date?
Intelligent Growth Solutions has raised a total funding of $102M over 7 rounds. Its first funding round was on Sep 17, 2013.
What are the most recent funding rounds of Intelligent Growth Solutions?
Its latest funding round was a Series C round on Jan 18, 2024 for $28.5M. 6 investors participated in its latest round, lead by COFRA Holding, DC Thomson, S2G Ventures.
List of recent funding rounds of Intelligent Growth Solutions
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jan 18, 2024 | $28.5M | Series C | 4216118 | 5778301 | COFRA Holding, DC Thomson, and 4 more |
Nov 04, 2021 | $57.3M | Series B | 8314145 | 3351814 | Cleveland Avenue, DC Thomson, and 5 more |
Sep 26, 2019 | $1.75M | Series A | 5583773 | 1470864 | Ospraie Ag Science, AgFunder, and 2 more |
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What is the current valuation of Intelligent Growth Solutions?
Intelligent Growth Solutions
is valued at
$24.4M
as per the latest available filings.
Here is
Intelligent Growth Solutions
's valuation trend over time:
Date | Valuation |
|---|---|
Jun 19 | $24.4M |
Oct 16 | 592 |
Aug 15 | 390 |
Sep 13 | 518 |
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Who are Intelligent Growth Solutions's investors?
Intelligent Growth Solutions has 11 institutional investors including DC Thomson, COFRA Holding and S2G Ventures. Jonathan Scott and 56 others are Angel Investors in Intelligent Growth Solutions.
View details of
Intelligent Growth Solutions funding rounds and investorsIntelligent Growth Solutions's founders and board of directors
Founder? Claim ProfileWho are the founders of Intelligent Growth Solutions?
The founders of
Intelligent Growth Solutions
are
David Farquhar, Dave Scott and David Scott.
Dave Scott
has founded
2
more compan
ies
-
Laugh.ly and Laugh Radio.
David Scott
has founded
1
more compan
y
-
KIXEYE.
Who is the current CEO of Intelligent Growth Solutions?
David Farquhar
is
the CEO of
Intelligent Growth Solutions
.
Who is on the board of Intelligent Growth Solutions?
Intelligent Growth Solutions
's board has
6
active member
s
.
David Farquhar
is
part of team
and Brendan Richardson, John Siebert and John Watson
are
independent board member
s
.
How many employees does Intelligent Growth Solutions have?
Intelligent Growth Solutions has 47 employees as of Dec 20. The total employee count is 113.6% more than what it was in Dec 19.
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View details of
Intelligent Growth Solutions's Founder profiles and Board MembersIntelligent Growth Solutions's Competitors and alternates
Who are the competitors of Intelligent Growth Solutions?
Top competitor
s
of
Intelligent Growth Solutions
include
BOWERY FARMING, 80 Acres Farms and Local Bounti.
Intelligent Growth Solutions
ranks
5
th
among
228 active competitors.
29 of its competitors are funded while 12 have exited.
Overall,
Intelligent Growth Solutions
and its competitors have raised over
$1.8B
in funding across
70
funding rounds involving
145
investors.
There are 2 public and 10 acquired companies in the entire competition set.
Below is a comparison of top competitors of Intelligent Growth Solutions
Intelligent Growth Solutions | BOWERY FARMING | 80 Acres Farms | Local Bounti | |
|---|---|---|---|---|
Description | Provider of vertical farming solutions for the agriculture industry | Producer of green leafy vegetables using AI-based indoor vertical farms | Provider of indoor farming solutions | Owns and operates agricultural farm |
Founded Year | 2013 | 2015 | 2015 | 2018 |
Location | Dundee (United Kingdom) | New York City (United States) | Hamilton (Canada) | Ravalli (United States) |
Company Stage | Series C | Series D | Series B | Public |
Unicorn Rating | Soonicorn | Soonicorn | Soonicorn | - |
Total Funding | $102M | $687M | $371M | - |
Funding Rounds | 7 | 5 | 4 | 3 |
Latest Round | Series C, $28.5M, Jan 18, 2024 | Series D, $246M, Oct 25, 2023 | Series B, $160M, Aug 09, 2021 | Conventional Debt, $15M, Feb 07, 2024 |
Investor Count | 68 | 20 | 7 | 3 |
Top Investors | Scottish Enterprise, S2G Ventures& 66others | Google Ventures, SV Angel& 18others | General Atlantic, Barclays& 5others | BNP Paribas, Fidelity Investments& 1others |
Tracxn ScoreWhat is this? | 56/100 | 68/100 | 63/100 | 62/100 |
Overall Rank | 5th | 1st | 2nd | 3rd |
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Intelligent Growth Solutions
's competitors? Click
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Intelligent Growth Solutions's Investments and acquisitions
Intelligent Growth Solutions
has made no investments or acquisitions yet.
Reports related to Intelligent Growth Solutions
Here is the latest report on Intelligent Growth Solutions's sector:
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all reports related to Intelligent Growth SolutionsNews related to Intelligent Growth Solutions
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Media has covered
Intelligent Growth Solutions
for a total of 5 events in the last 1 year
,
1
of them has been
about
people movement.
•
IGS secures £22.5M in Series C fundraise, appoints new CEOHolland Horti Media•Feb 21, 2024•Intelligent Growth Solutions
•
CEO change as vertical farmer IGS raises fundsDaily Business•Jan 18, 2024•Intelligent Growth Solutions
•
Intelligent Growth Solutions News: £22.5M Series CiGrow News•Jan 18, 2024•Intelligent Growth Solutions
, COFRA Holding, DC Thomson, S2G Ventures
•
Vertical farming consortium secures UK Government funding to advance low-emission food production using energy storagerenewableenergymagazine.com•Dec 06, 2023•UKUAT,
Intelligent Growth Solutions
, RheEnergise, The James Hutton Institute and 1 other
•
Intelligent Growth Solutions Earns B Corp CertificationiGrow News•Nov 16, 2023•Intelligent Growth Solutions
•
Scots Agritech IGS Picks New Headquarters in North AmericaDIGIT•Nov 17, 2022•Intelligent Growth Solutions
•
Vertical farming firm plants operations in ColoradoDaily Business•Nov 17, 2022•Intelligent Growth Solutions
•
IGS to Bring Vertical Farming Technology to USDIGIT•Jun 23, 2022•Intelligent Growth Solutions
, CubicAcres
•
Scots Firms IGS Working on First Retail Park-based Vertical FarmDIGIT•Feb 11, 2022•Intelligent Growth Solutions
, Potager Garden
•
Potager Farm and IGS to build Germany’s first retail park-based vertical farmeurope-re.com•Feb 10, 2022•Intelligent Growth Solutions
, IGS
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Frequently asked questions about Intelligent Growth Solutions
When was Intelligent Growth Solutions founded?
Intelligent Growth Solutions was founded in 2013.
Where is Intelligent Growth Solutions located?
Intelligent Growth Solutions
is located in
Dundee,
United Kingdom.
Is Intelligent Growth Solutions a funded company?
Intelligent Growth Solutions is a funded company, its first funding round was on Sep 17, 2013.
When was the latest funding round of Intelligent Growth Solutions?
Intelligent Growth Solutions's latest funding round was on Jan 18, 2024.
How much is Intelligent Growth Solutions worth?
The latest valuation of Intelligent Growth Solutions is $24.4M as on Jun 07, 2019.
What is the annual revenue of Intelligent Growth Solutions?
Annual revenue of Intelligent Growth Solutions is $842 as on Dec 31, 2021.
Is Intelligent Growth Solutions a Crop Tech company?
The primary sector of Intelligent Growth Solutions is Crop Tech.
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