Freya Cultivation Systems raises €500,000 to develop smart cultivation technologies

Lithuania-based agritech startup Freya Cultivation Systems has secured €500,000 in a seed investment round to develop smart cultivation technologies.The round was backed by prominent VC funds Coinvest Capital and BSV Ventures, along with companies like Sofigama and Zunami Oy. Сoinvest Сapital shared the news on its website.

About Freya Cultivation Systems

Freya Cultivation Systems is a deep agritech startup founded in 2018 by Gediminas Kudirka and Vilmantas Rastutis and led by Lukas Bartusevicius.
The Aeroframe, Freya’s flagship product – is an innovative plant-growing system designed for commercial greenhouses. By leveraging three-dimensional growing surfaces, it doubles the usable cultivation area over available floor area and allows growers to triple their profits by significantly reducing per-plant costs.
According to the developers, the Aeroframe can deliver up to double the yield for various crops, such as strawberries, lettuce, herbs, and tomatoes, compared to existing systems.

“Growing plants in fog is one of the most effective and efficient methods of cultivation. While this has been known for a long time, widespread adoption has been hindered by the limitations of existing technology. I am thrilled to unlock the biological potential of plants in a fog environment using our patented cultivation technology,” says Gediminas Kudirka, CSO and co-founder of Freya.

Investment details

The seed round was backed by Coinvest Capital and BSV Ventures, and saw participation from Sofigama and Zunami Oy, which are managed by private investors and business angels Paulius Vilemas and Marko Lehtovaara.

Coinvest Capital is an early-stage venture capital fund established by the national development bank ILTE. The fund invests EU and Republic of Lithuania public funds entrusted to it, alongside contributions from business angels and other VC funds, in promising start-ups that create value for Lithuania.
BSV Ventures, formerly known as Baltic Sandbox Ventures, invests in early-stage R&D-focused individuals and teams solving complex technical challenges with large potential for commercial application. BSV Ventures targets industries such as biotech, space technology, and artificial intelligence.

The company will use the funds to build a demonstration greenhouse near Kaunas, where Freya will showcase its three-dimensional Aeroframe greenhouse crop production system.