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The developer of digital farms City Farmer attracted investments from IBS in exchange for 55% of the company

November 30, 2020|
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The developer of digital farms City Farmer (a Skolkovo resident) attracted investments from IBS in exchange for 55% of the company. The amount of funds raised has not been disclosed.

The partnership is aimed at promoting startup solutions in the Russian market. It is expected that City Farmer will receive technological support from IBS for organising service support for farm clients. The companies will also develop intelligent control systems for growing processes. In addition, the startup will be able to use the partner's marketing and sales channels.

According to the Unified State Register of Legal Entities, City Farmer LLC was established in 2018. The founders of the company are Viktor Nikitin and Anatoly Karachinsky - 45% and 55%, respectively.

Anatoly Karachinsky is the President of IBS Group. As a result of investments, the entrepreneur gained control over the "City Farmer". The startup is engaged in the production and maintenance of digital agricultural farms. Each of them is a modular object. The main farm processes (irrigation, ventilation, lighting, humidification and others) are controlled remotely using artificial intelligence technologies.

Original (in Russian)

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