ECBF, along with Demeter IM and Unigrains, has led a €17 million Series A funding round for RED Horticulture to enhance its innovative LED lighting technology aimed at sustainable agriculture.

Information on the Target

RED Horticulture, founded in 2018 by engineers Yassine El Qomri and Louis Golaz, is a leading provider of advanced LED lighting solutions for high-tech greenhouse operations. With its innovative dynamic lighting technology, RED aims to transform agriculture by enhancing crop yields, improving quality, and significantly reducing energy consumption. The company’s proprietary AI platform, MyRED, controls the lighting system to optimize growth conditions, providing measurable benefits to growers in various segments.

With its headquarters in France and the Netherlands, RED has developed a unique dynamic spectrum LED lighting solution that allows greenhouse operators to precisely activate plant photoreceptors, ensuring optimal light exposure. This state-of-the-art technology has been demonstrated to increase crop yields by up to 35% and decrease energy usage by as much as 60%, showcasing RED's commitment to sustainable practices in agriculture.

Industry Overview in the Target’s Specific Country

The agricultural technology market in Europe is rapidly evolving, driven by an increasing need for sustainable practices that minimize environmental impact while maximizing productivity. The European Union has