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Intelligent Growth Solutions

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Modular vertical farming systems for controlled environment agriculture

St Andrews, United KingdomFounded 2013Food
Valuation $100–250M Last recorded · 2024
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Intelligent Growth Solutions and the history behind them.

About Intelligent Growth Solutions

Intelligent Growth Solutions (IGS) is an agritech company, founded in 2013, that provides vertical farming technology to commercial growers. The company designs, supplies, and installs modular, scalable, and automated vertical farming systems known as Growth Towers. These towers enable Total Controlled Environment Agriculture (TCEA), which allows for the precise management of lighting, irrigation, ventilation, and nutrition for each individual growing tray. This technology facilitates consistent, predictable, and high-quality crop yields year-round, independent of external weather conditions.

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The company was founded in Scotland and initially combined decades of farming and engineering expertise. A significant shift in its business model occurred in 2017 when IGS decided to operate exclusively as a technology provider, making a commitment not to grow crops for commercial sale. This positions IGS as a partner to growers rather than a competitor. The business generates revenue by selling its vertical farming hardware and offering a suite of professional services including deployment, maintenance, software updates, and customer support. IGS serves a global market, with customers on multiple continents, including nursery growers and seed-to-harvest growers producing crops like leafy greens and herbs.

David Farquhar, a serial entrepreneur with a background in enterprise software, joined as CEO in November 2017 and led the company through significant funding rounds and global expansion before stepping down in early 2024. Andrew Lloyd is the current CEO. IGS has raised approximately $105 million over several funding rounds, including a £42.2 million Series B in 2021 and a £22.5 million ($28.5M) Series C in January 2024. The company's technology is designed for industrial-scale operations, featuring patented, energy-efficient lighting systems, closed-loop fertigation to conserve water, and automation to reduce labor costs. IGS collaborates with the James Hutton Institute, a crop and plant science research facility, to advance its understanding of plant science for indoor growing.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2013
Headquarters
St Andrews, United Kingdom
Employees
104
Open positions
None listed
Dealroom signal
63.6/100
Sub-industry
AgriTech
Sector
Food, Farming, Novel Farming, Agricultural Equipment, Sustainable Development Goals, Vertical Farming, UKis manufacturing, uk is8 advanced manufacturing, Climate Tech, B Corp, NIF defense security and resilience, NIF Crisis preparedness
Technology
IoT InternetOfThings
Business model
Manufacturing
Investment activity
1 company, latest Jul 2023
Capital deployed
$3.7M
Preferred round
EARLY VC

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Jan 2024 $30M $119M Scottish Enterprise Growth Investments · D.C. Thomson · Cleveland Avenue · Ospraie Ag Science ↗
GRANTOther financing Sep 2023 — — Undisclosed —
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

Intelligent Growth Solutions website traffic

Latest recorded traffic for Intelligent Growth Solutions is 2.8K monthly website visits, down 24.3% over the last three months. Intelligent Growth Solutions's team declined 28.3% over the past year.

Latest monthly visits2.8K 3-month web change-24.3% 1-year team growth-28.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A7 investors entered at this stage

  • Scottish Enterprise Growth Investments
  • AgFunder
  • S2G Investments
  • Ospraie Ag Science
  • Cofra Holding
  • Cleveland Avenue
  • D.C. Thomson

Other known investors1 additional known investor

  • Tech Nation
Team profiled 12 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇬🇧 United Kingdom95.3%
🇺🇸 United States2.4%
🇳🇱 Netherlands1.2%
🇦🇪 United Arab Emirates1.2%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Intelligent Growth Solutions on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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