Great news for Mushroom industry, worldwide; because an autonomous mushroom harvesting company, 4AG Robotics raises $40M CAD.
About 4AG Robotics
4AG Robotics a Canadian Company which is working with robotics for mushroom industry. this company help mushroom growers for harvesting mushrooms with their autonomous robots. their robots currently operate in Canada, Ireland, and Australia, with launches planned in the U.S. and Netherlands.
About Funding
This investment $40M CAD is series B funding round. this financing to accelerate production and global expansion. The round was led by Astanor and Cibus Capital, with participation from Voyager Capital and continued support from InBC, Emmertech, BDC Industrial Innovation Fund, the Jim Richardson Family Office, Stray Dog Capital, and Seraph Group. The new funding brings the company’s total capital raised to $57.5 million in two years.
Target is $60 billion Industry
According to 4AG, The global mushroom market is set to grow exponentially, reaching a projected value of $60 billion by 2030. However, as demand surges, the industry faces a stark reality: a growing gap in labor availability.
Future Plans of 4AG
Plan is clear of 4AG Robotics. global expansion & innovation in their technology. what you think about this 4AG Robotics and their technology and this investment also; comment below!
