Description
Plug’n’Grow is a technology company that develops advanced and economical solutions in agriculture based on proven hydroponic and aquaculture technology. The company provides growers with highly efficient and productive manufactured agricultural equipment and food factories that produce premium and exportable vegetables and fish at affordably competitive costs, enabling customers with trade and financial opportunities.
Market Opportunity/ Problem
Plug’n’Grow addresses the food security issues which are caused by water scarcity (which is on the rise), climate change (which is very obvious these days) and the increasing global population (we will become 9.7 billion people by 2050, therefore we need to double our food production). Plug’n’Grow solutions are highly productive up to 25 times more productive in contrast to traditional agriculture and also save 85% more water at a very affordable price.
Company Information
Years of operation
2
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Egypt
Other country(ies) of operation
N/A
How many employees does your business have?
22
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
500k-1m
What is the split between equity and debt?
100% equity