Vertical farming and seed breeding business of Singrow to expand globally following recent financial backing
Singrow Expands Global Presence with Circular Agricultural Plant Factories
Singapore-based plant genomics and precision agriculture company, Singrow, is making waves in the agricultural industry with its innovative circular farming model. Starting in Singapore, the company has expanded its operations to China and plans to extend its reach to Vietnam, Saudi Arabia, Brunei, and Houston, Texas.
The company's flagship project in Singapore is one of the largest indoor farms in the city-state. It employs a circular model that reuses CO2 produced by white-button mushrooms as free CO2 fertilizer for strawberry production and air conditioning. This unique approach aims to lower carbon emissions and create a sustainable farming ecosystem. Singrow plans to replicate this model abroad, with similar facilities planned in its new markets.
Singrow's expansion is largely fueled by a successful Series A funding round of $4.5 million. The funds will be used to scale existing operations and enter new geographies. The funding round was participated in by Finc Pte. Ltd., Cyanhill Capital, Pasudeco, Eastern Wind International, Ritz Venture Partners, and others.
Founded in 2019, Singrow began primarily as a seed company, with its key know-how and technologies coming from the crop breeding and precision farming sectors. The company has made significant strides in developing heat-tolerant crops, such as strawberries, suitable for tropical and harsh climates. This focus on plant genetics and seed breeding enhances climate resilience, supporting global scalability.
In addition to its circular farming model, Singrow has made headlines with its technology that compresses the traditional timeframe for saffron growing and harvesting. Last year, the company trial-planted heat-resistant sweet strawberries, known as "climate resilient strawberries," in several countries, including Singapore, China, Vietnam, Indonesia, Malaysia, and Thailand. These strawberries are claimed to be resistant to high temperatures and enable production in regions where strawberry production was previously unheard of.
Looking ahead, Singrow is gearing up to raise a Series B round of funding, with the first close expected in December of this year. The Series B funds will be used to fast-track current projects and break into additional new markets, including Saudi Arabia and Brunei. The company is also planning to open a mushroom-strawberry facility in Houston, Texas, entering direct competition with Oishii.
In summary, Singrow is leveraging financial backing, proprietary genomics-based seed breeding, and controlled-environment agriculture to take its business model beyond Asia into new global markets. The company's innovative circular farming model, heat-resistant crops, and focus on sustainability position it well for future success.
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