Growponics

Company Overview

Snapshot

Founded in August 2011 by Lior Hessel, Growponics operates with 1-10 employees. The company has raised $56.44K across one funding round and received a grant from EU Horizon 2020 in November 2018.

Business overview

Growponics designs and constructs automated hydroponic greenhouse factories that leverage modern agronomics and advanced technology to optimize food and plant production and profitability for year-round crops. Specializing in high-performance hydroponic growing methods, the company focuses on operating, constructing, and investing in salad production plants (SPPs) and other agricultural projects. Growponics serves markets in the UK, Continental Europe, and globally within the Agriculture & Food Technologies sector.

Strategic signal

In September 2015, Growponics launched its first U.S. production center in Guilford, Connecticut, partnering with Stephen Weinstein and Connecticut Hydroponic Farm. This expansion into the U.S. market signals the company's growth ambitions and the scalability of its automated hydroponic greenhouse technology, demonstrating a strategic move to broaden its geographical footprint and market penetration.

Company Intelligence Q&A

When was Growponics founded and by whom?

Growponics was founded in August 2011 by Lior Hessel.

What was a significant early market expansion for Growponics?

In September 2015, Growponics launched its first U.S. production center in Guilford, Connecticut, through a partnership with Stephen Weinstein and Connecticut Hydroponic Farm.

What is Growponics' primary business model?

Growponics primarily operates on a B2B business model, designing and building automated hydroponic greenhouse factories for other businesses.

What is the total capital raised by Growponics?

Growponics has raised a total of $56.44K across one funding round.