InfraScreen: $1.5 million to advance carbon neutrality for greenhouses06.05.2022
Investbridge Capital and ACE & Company have participated in the seed round for Infrascreen, the provider of nanotech solutions for energy-efficient climate control. The capital will enable the startup to create full-scale pilot products for commercial greenhouses.
The global commercial greenhouse market is valued at over $29 billion and is projected to grow by nearly 10 percent annually through 2026 as widespread adoption accelerates. Demand is attributed to greenhouses’ ability to produce high yields of crops without pesticides, herbicides and fungicides and the environmental demands of traditional farming.
Infrascreen uses nanotechnologies to produce smart materials for greenhouses to keep outgoing long-wave radiations inside the greenhouse, resulting in a drastic reduction in radiative heat losses. With a 20% reduction in energy consumption, growers benefit from enhanced climate control at a lower energy cost, leading to more sustainable and profitable greenhouses.
The freshly obtained capital from alternative asset manager Investbridge Capital and venture capital firm ACE & Company will enable the startup to Pilot its energy-saving innovative material.
“High-tech greenhouses are the best way to grow pesticide-free fruits and vegetables to scale without wasting our limited natural resources,” said Henri de Lalande, CEO of Infrascreen. “Yet, as sustainable as they are, high-tech greenhouses must reach carbon neutrality, and Infrascreen will be key in achieving this objective.”
Founded in 2019 in Neuchâtel with offices in Rochester, New York, Infrascreeb has received support from organisations such as the Swiss Climate Foundation, the Swiss Federal Office for Energy, and InnoSuisse. The company has won awards, including the 2020 BCN Innovation Award, NextCorps’ Luminate NY accelerator program, and the Foundation for Technological Innovation.