Ljusgårda

The Swedish Food Tech company Ljusgårda raises SEK 170 million in new capital

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The Swedish food Tech company Ljusgårda is raising SEK 170 million in new capital. Among the investors are companies supported by the Lundin family, Karl-Johan Persson and Jula. Ljusgårda is now continuing its journey to become the biggest indoor farm in Europe.

- To fight the climate crisis, we must reduce imports and bring more food production home. We want to make agriculture a hot sector again and contribute to that the food on our plates are being sustainably produced in the country where it is eaten. It requires investments, so it is important that we now have this new capital to continue to increase our production. Ljusgårda is already the largest indoor farm in the Nordic region, and with the new investment, the aim is to become the largest in Europe within a year, says Andreas Wilhelmsson, CEO at Ljusgårda.

With a circular irrigation system, renewable electricity and without pesticides, Ljusgårda grows lettuce indoors all year round. Recently, the food tech company has closed a financing round and raised SEK 170 million in new capital. Among those who invested in Ljusgårda is the tech fund Back in Black Capital, which is supported by the Swedish Lundin family and Per Brilioth.

- This is our first investment in food tech. Ljusgårda is a super exciting company with great potential. We look forward to working together towards a more sustainable future, says Alexandre Mordasini, Back in Black Capital, who now will become a part of Ljusgårda's board.

Philian, which is owned by H&M's chairman Karl-Johan Persson, has previously invested in Ljusgårda and is now investing more capital.

- Thanks to new technology, Ljusgårda has better ways to optimize plant growth than traditional farming and provide consumers with sustainably produced salad. We want to be part of creating Europe's largest company for indoor farming, says Björn Magnusson, advisor at Philian.

Jula Miljö & Energi is also expanding its investment in Ljusgårda.

- By investing in companies with a clear sustainability profile and climate-smart solutions, we want to take long-term environmental responsibility for future generations. The exciting journey that Ljusgårda is on with its innovative and sustainable indoor farm of lettuce is something we want to be a part of, says Karl-Johan Blank, owner and CEO.

Ljusgårda grows lettuce vertically indoors in a 7,000 square meter facility in Tibro, Sweden. Last year, the expansion of another 18,000 square meter facility began. All electricity used is renewable and the transport distance to Swedish stores is significantly shorter than for imported salad. Ljusgårda can offer delivery of ready-cut salad to Swedish stores within 24 hours after harvest.

- Imported food stands for 60 percent of the climate impact from our food consumption in Sweden. With circular water systems, green electricity and without pesticides, we produce the world's most sustainable salad in Tibro. In 2022, we expect to raise additional capital to be able to grow even more, says Andreas Wilhelmsson.

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About Ljusgårda

Ljusgårda
Ljusgårda
Järnvägsgatan 3
543 50 Tibro

https://ljusgarda.se/

About Ljusgårda

Ljusgårda grows Swedish salad with a clear conscience all year round. What sun, wind and water do outdoors, Ljusgårda does indoors and creates a controlled environment with optimal conditions for each specific plant, 365 days a year.

Ljusgårda has high ambitions in both Sweden and globally. The company was founded in 2018 and is ranked as one of the world's foremost food tech companies, with well-known and long-term investors who, together with the team at Ljusgårda, have aimed for Ljusgårda to become a world leader in its industry. Already today, Ljusgårda is at the forefront when it comes to Big data, machine learning and automated factory flows.

Back in Black Capital

Back in Black Capital is a permanent capital vehicle with the strategy to invest in assets with significant potential in disruptive sectors. The vehicle was created 8 years ago and is backed by the Lundin family and Per Brilioth. Our assessment process focuses essentially on the entrepreneurs. Back in Black Capital portfolio today holds notable disruptive companies in their respective sectors such as Klarna and ManoMano.

Philian

Philian is a private investment company controlled by Karl-Johan Persson, Chairman of the Board of H&M. Philian invests in entrepreneurial growth companies outside the H&M Group's strategic interests.

Jula Environment & Energy

Jula Miljö & Energi is the Jula Holding Group's energy company and was formed in 2020 when the Group invested in a wind farm. The company has since continued to make investments in the environmental and energy area, including more wind turbines, in renewable fuels and in companies with a clear and innovative sustainability profile. Jula Miljö & Energi also runs the farm on the Stora Ek farm with the aim of developing a modern agriculture with sustainable plant cultivation.

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Latest releases from Ljusgårda

Ljusgårda continues to grow with nationwide launch in 550 new stores and reinforced management team1.9.2022 10:03:57 CEST | Press release

Swedish company Ljusgårda, who runs one of Europe's largest vertical farms, continues their growth journey by securing a new partnership with Dagab, one of the leading food retail groups in Sweden. Ljusgårda’s lettuce will now also be available through three additional major Swedish grocery chains: Hemköp, Willys and Tempo. Simultaneously, the company also strengthens their management team with Magnus Agervald as new CEO and Hélène Gustavii as CFO.

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