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Temasek and Bayer-backed vertical farming venture Unfold turns one

Jovi Ho
Jovi Ho8/26/2021 09:31 AM GMT+08  • 4 min read
Temasek and Bayer-backed vertical farming venture Unfold turns one
Temasek eyes vertical farming as a solution for land-scarce Singapore.
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Temasek-backed vertical farming venture Unfold turns one with nine new hires and a 12,000 sq ft research facility in California, operational in early 2022.

The company was born out of a US$30 million ($40.7 million) JV between Singapore’s state investment company and Leaps by Bayer, the impact investment arm of German life sciences giant Bayer.

A year into operations, Unfold is nearly matching the schedule that president and CEO of Unfold Dr John Purcell had set out for the company. According to Unfold, the company has logged its first revenue, though it stopped short of details.

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