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Intelligent Growth Solutions
Modular vertical farming systems for controlled environment agriculture
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.
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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Jan 2024 | $30M | $119M | Scottish Enterprise Growth Investments · D.C. Thomson · Cleveland Avenue · Ospraie Ag Science | ↗ |
| GRANTOther financing | Sep 2023 | — | — | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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