Company Overview
Snapshot
Founded in February 2006 by Guy Barness, Vertical Field operates with 11–50 employees. The company has undergone one merger event, evolving from its initial focus on vertical landscaping. In April 2021, Vertical Field signed a letter of intent for a merger with A-Labs Capital IV, valuing the company at $100 million, with plans for a $20 million private placement of securities to facilitate a listing on Canada's TSX Venture Exchange.
Business overview
Vertical Field is an international agtech company specializing in advanced indoor farming solutions. The company integrates cutting-edge technologies, proprietary software, and data-driven inputs, including AI-driven capabilities, to cultivate diverse fresh, pesticide-free crops hyper-efficiently. Its technology optimizes yields and enables remote farm management, producing high-quality crops year-round with minimal labor and energy expenses. Vertical Field serves various markets, including supermarkets, assisted living homes, and agribusinesses, operating within the Agriculture & Food Technologies sector with a focus on sustainable and precision agriculture.
Strategic signal
In August 2022, Austrian supermarket chain Billa partnered with Vertical Field to pilot vertical farming for local food production at a Billa Plus store in Vienna. This collaboration demonstrates a growing trend among major retailers to integrate sustainable, localized food sources directly into their operations, signaling strong market validation for Vertical Field's technology and its potential to enhance supply chain security and fresh produce availability in urban environments.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant strategic development for Vertical Field in 2022?
- In August 2022, Vertical Field partnered with Billa, an Austrian supermarket chain, to test vertical farming for local food production in a pilot project at a Billa Plus store in Vienna.
- What was Vertical Field's valuation in April 2021?
- In April 2021, Vertical Field was valued at $100 million in connection with a letter of intent for a merger with.
- What expansion initiatives did Vertical Field undertake in early 2021?
- In May 2021, Vertical Field signed an agreement with Calson Management to deploy on-site vertical farming units in several assisted living homes in California. Earlier, in January 2021, the company announced an agreement with Emirates Smart Solutions and Technologies (ESST) to deploy vertical farms in a pilot program in the United Arab Emirates, and also signed agreements with Moderntrend SRO and Rami Levy.
- What was the nature of Vertical Field's partnership with Rami Levy?
- In December 2020, Vertical Field signed a multi-million dollar agreement with Rami Levy, Israel's largest supermarket chain, to install vertical farms at dozens of its outlets over five years, enabling the sale of locally grown, pesticide-free produce.
- What was the company's foundational corporate event?
- Vertical Field evolved through a merger with Green Wall Israel in 2019, emerging as Vertical Field Ltd. from its original focus on vertical landscaping.