Leaps by Bayer and Temasek have partnered to form a seed development startup that is focusing on the vertical farming market.
US-based seed developer Unfold launched on Wednesday with $30m in funding from agribusiness Bayer’s corporate venturing arm, Leaps by Bayer, and Singaporean state-owned investment firm Temasek.
Unfold will use genetics from vegetable crops to grow new varieties of seeds specifically designed for indoor vertical farming, a technique that allows produce to be grown in indoor urban spaces for use locally, reducing the amount of resources involved in their growth and eventual transport to restaurants or shops.
The company, which was…
