Temasek, Bayer Form New Company to Sell Seeds to Vertical Farms
- Unfold has raised $30 million in initial funding round
- Pandemic has exposed vulnerability of global food supply
While indoor farms that stack crops in vertical hydroponic rows are nothing new, Bayer is betting its expertise in seeds will give it a valuable edge.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Singapore’s Temasek Holdings Pte and Bayer AG have formed a new company that will develop seeds for vertical farms.
Unfold has raised $30 million in an initial funding round and entered into an agreement for certain rights to germplasm -- the genetic material from which plants grow -- from Bayer’s vegetable portfolio, the two firms said in a statement Wednesday.