Intelligent Growth Solutions, vertical farming firm, appoints new chief executive to lead the next phase of expansion after securing £22.5 million funding

Intelligent Growth Solutions (IGS) has secured £22.5 million in a Series C fundraise to support global expansion.

The investment comes after IGS announced at COP28 it would be joining Dubai-based partner ReFarm to build a 900,000 square foot ‘GigaFarm’ in the United Arab Emirates, capable of replacing 1% of food imports to the country.

The fundraise was led by existing institutional investors, with COFRA Holding, DC Thomson and S2G Ventures supported by Cleveland Avenue, Ospraie Ag Science and Scottish Enterprise. Private shareholders and IGS staff also contributed.

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Intelligent Growth Solutions secures £22.5 million funding – Business Insider