Jones Food Company secures growth capital, including investment from Ocado, to expand operations and accelerate the construction of its second vertical farm in Gloucestershire.
Target Information
Jones Food Company (JFC) is a leading pioneer in the vertical farming sector within the United Kingdom. The company specializes in designing, constructing, and operating commercially scalable vertical farms, which are an innovative solution to sustainable agriculture. JFC is at the forefront of the movement to incorporate advanced technology into farming practices to enhance productivity and resource efficiency.
As part of its growth strategy, JFC has garnered significant interest and capital from noteworthy investors, including Ocado, which highlights the investor's confidence in the company’s innovative farming approach and its potential to revolutionize food production.
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Industry Overview in the UK
The vertical farming industry in the United Kingdom is experiencing rapid growth, driven by increasing demands for locally sourced food and sustainable agricultural practices. Urban areas, where the
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Ocado
invested in
Jones Food Company
in 2023
in a Growth Equity & Expansion Capital deal