Food Future
439 Main St, Farmingdale, New York, 11735, United States
Overview
Food Future is a Scale-Up Accelerator for established yet small organizations (on track to grossing $500k annually) that are providing unique products and solutions across our food system. Their focus areas include consumer products, agriculture, food hubs, ag tech, supply chain, food tech, and SaaS. They support companies with scale-up business models through consulting, global distribution, financing, operation scaling, buyer meetings, and financial exit. They partner with advisors and mentors that not only provide expertise, but support impact, mission, and setting cultural trends. Four to eight companies will be selected for each cohort cycle, which runs for five months. The Cohort companies will receive an investment of up to $10k per company at the start of the program, and there is the possibility for follow-on investment.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Agriculture
- AgTech
- Consumer
- Consumer Goods
- Green Consumer Goods
- Impact Investing
- Restaurants
- SaaS
Investment portfolio
- HarvestX
Participated · Series A · Mar 2024
HarvestX develops an automated strawberry cultivation solution that combines robotics, AI, optimized racks and cultivation recipes to automate plant management and pollination. Its core product is the HarvestX system centered on the XV3 pollination robot, composed of an XV3 Cart and XV3 Unit for sensing and robotic work. The company says XV3 achieved the world’s first robotic strawberry pollination (patent no. 7090953) and has completed in-house trials and introduction experiments with plant factory operators. HarvestX plans to build a demo pilot plant (first phase due May 2024), add harvesting functionality in 2025, and target expansion to other pollination-dependent fruit crops such as tomato and melon. Founded as a University of Tokyo spinout in 2020 and based in Bunkyo, Tokyo, HarvestX will use the recent funding to advance R&D and commercial piloting of its solution. After the round and a municipal grant, the company’s disclosed total funding is ¥610 million.