About Elevate Farm
Elevate Farm is a company based in Toronto (Canada) founded in 2018 by Per Aage Lysaa and Amin Jadavji.. Elevate Farm has raised $34.1 million across 5 funding rounds from investors including Brightspark Ventures, Orange Ridge Capital and Strategic Swiss Partners. Elevate Farm has completed 1 acquisition, including Fieldless. Elevate Farm offers products and services including Vertical Farming System and Leafy Greens Production. Elevate Farm operates in a competitive market with competitors including Village Farms, Fieldless, Pure Sunfarms, Lufa and Ferme d'Hiver, among others.
- Headquarter Toronto, Canada
- Founders Per Aage Lysaa, Amin Jadavji
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Sectors
Agriculture
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.1 M (USD)
in 5 rounds
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Latest Funding Round
$2.5 M (USD), Series A
Jul 30, 2024
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Investors
Brightspark Ventures
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Elevate Farm
Elevate Farm offers a comprehensive portfolio of products and services, including Vertical Farming System and Leafy Greens Production. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Designs and operates automated farms for efficient plant growth
Grows high-quality greens with minimal water and labor
Funding Insights of Elevate Farm
Elevate Farm has successfully raised a total of $34.1M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $2.5 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $2.5M
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First Round
First Round
(09 Feb 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - Elevate Farm | Valuation | Brightspark Ventures , Orange Ridge Capital | |
| Oct, 2022 | Amount | Series A - Elevate Farm | Valuation | Brightspark Ventures |
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| Feb, 2021 | Amount | Series A - Elevate Farm | Valuation | Northview LifeSciences |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Elevate Farm
Elevate Farm has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Brightspark Ventures, Orange Ridge Capital and Strategic Swiss Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in Canadian early-stage tech companies and providing access to funds.
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Founded Year | Domain | Location | |
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Life sciences-focused venture capital firm investing in geographies such as Canada and Germany
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Founded Year | Domain | Location | |
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Provides investment solutions for sustainable real assets in timberland and renewable energy.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elevate Farm
Elevate Farm has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fieldless. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Indoor automated vertical farming systems are operated for year-round produce.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Elevate Farm
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elevate Farm Comparisons
Competitors of Elevate Farm
Elevate Farm operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Village Farms, Fieldless, Pure Sunfarms, Lufa and Ferme d'Hiver, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Controlled environment agriculture is operated for produce and cannabis cultivation.
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| domain | founded_year | HQ Location |
Indoor automated vertical farming systems are operated for year-round produce.
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| domain | founded_year | HQ Location |
Cannabis is produced and supplied to processors by Pure Sunfarms.
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| domain | founded_year | HQ Location |
Provider of sustainably grown produce and local food products via online marketplace and delivery
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| domain | founded_year | HQ Location |
Producer of strawberries using the indoor vertical farming growing system
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elevate Farm
Frequently Asked Questions about Elevate Farm
When was Elevate Farm founded?
Elevate Farm was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Elevate Farm located?
Elevate Farm is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Elevate Farm?
Amin Jadavji is the current CEO of Elevate Farm. They have also founded this company.
Is Elevate Farm a funded company?
Elevate Farm is a funded company, having raised a total of $34.1M across 5 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Feb 09, 2020.
What does Elevate Farm do?
Elevate Farm was founded in 2018 in Toronto, Canada, and focuses on vertical farming within the agrotechnology sector. Leafy vegetables are grown through automated systems that incorporate AI algorithms, data-driven lighting, and specific plant protocols. LED light technology, photobiology principles, and robotic automation form the core of the farming infrastructure. Blockchain technology is integrated to provide traceability solutions for the produce. Operations are centered in urban vertical farm setups.
Who are the top competitors of Elevate Farm?
Elevate Farm's top competitors include Village Farms, Pure Sunfarms and Vision Greens.
What products or services does Elevate Farm offer?
Elevate Farm offers Vertical Farming System and Leafy Greens Production.
How many acquisitions has Elevate Farm made?
Elevate Farm has made 1 acquisition, including Fieldless.
Who are Elevate Farm's investors?
Elevate Farm has 5 investors. Key investors include Brightspark Ventures, Orange Ridge Capital, Strategic Swiss Partners, Northview LifeSciences, and Northstaragriculture.
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