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Fotoniq uses a sprayable PAR+ coating to help growers create optimal sunlight conditions within their greenhouses. The future benefits of PAR+ have attracted the attention of growers who, in collaboration with Fotoniq, have utilized this coating in several hectares of greenhouses in the Westland region (Netherlands).
The company is currently completing its latest investment led by Navus Ventures and Icos Capital. The company aims to attract more customers from the global market. “This funding round will enable us to scale up both our production capacity and market expansion. This year, we plan to apply PAR+ coating solutions to more than 30 hectares and deliver products that meet our customers’ expectations. ,” Willem said. Kestero, CEO and Founder.
Fotoniq was founded on the belief that by making greenhouses more efficient, sustainable and profitable, we can meet the world’s growing food needs. The team behind Fotoniq is made up of innovators who aim to make high-tech greenhouses more efficient, sustainable and profitable.
Eduard Meijer, Managing Director of Navus Ventures BV said: One of the important questions is how to create and maintain the ideal environment inside the greenhouse, which depends on factors such as lighting and temperature optimization. At Navus, we believe that Fotoniq has found a direct and effective solution to help solve this problem. ”
Fotoniq has developed and patented a coating (PAR+) that aims to provide year-round diffusivity in greenhouses without compromising growing light intensity. “Using this new technology and our knowledge, we will improve the performance of high-tech greenhouses by increasing crop yields and reducing energy costs,” Willem says.
Peter van Gelderen, Managing Partner at ICOS Capital, commented: With long-lasting performance, his PAR+ coatings can be easily integrated into existing infrastructure at a fraction of the price of diffused glass. By applying this low-cost solution, growers can produce higher yields and increase profits with limited investment costs. ”
The investment round was led by Navus Ventures and Icos Capital, with participation from existing shareholders Phase2.earth and EG Wernink. The company is backed by his experienced Dutch VC firms and family offices, including SHAPE Capital and Timeless Investments.
Navus Ventures is a venture capital firm that is part of the family office associated with Lely (Farming Innovators). Navus Ventures invests in start-ups and scale-ups that aim to drive sustainable transitions in food and energy. ICOS Capital is a collaborative fund that connects startups and companies with the aim of accelerating sustainability. Icos Capital partners with European companies in the food (Bühler Group), chemical (Nouryon) and agriculture (Royal Cosun) sectors. The investment fund Phase2.Earth aims to further scale up and grow the company. SHAPE Capital invests in a variety of companies in a variety of industries, including real estate, energy, and construction.
William added that on behalf of the entire team, he would like to thank all of our investors for their trust and support.
Detailed information:
photonic
info@fotoniq.com
www.fotoniq.com
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