Farmship

Farmship

Developing a sustainable agricultural system.

HQ location
Tokyo, Japan
Launch date
Enterprise value
$400—601k
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Late VC
Total Funding000k
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Farmship Inc., founded on March 10, 2014, operates at the intersection of agriculture and technology, aiming to address pressing issues within Japan's food and agriculture sectors, such as an aging workforce and low food self-sufficiency. The company was established by co-founders Masahiro Kitajima and Mizuki Yasuda, who both serve as Representative Directors. Yasuda, who grew up as the son of a flower farmer, holds a degree in agriculture from Meiji University where he specialized in facility horticulture. After graduating, he gained hands-on experience in production management and sales at a rose farm in Oregon, USA, before returning to Japan to become a certified public accountant. This blend of agricultural knowledge and financial expertise shaped the company's direction. The founding team leveraged their prior success in making a large-scale plant factory profitable to establish Farmship.

The core of Farmship's business is the development, operation, and support of technologically advanced plant factories for corporate clients. These indoor vertical farms utilize controlled environments with proprietary LED lighting and automation to cultivate leafy vegetables like lettuce year-round, independent of weather conditions. This method ensures stable production, consistent quality, and pesticide-free cultivation. A key technological offering is an AI-powered system, developed with Pi Material Design, that analyzes images of seedlings to predict their growth potential. This allows for the selection of the most promising seedlings, which has been shown to increase the ratio of properly growing seedlings to 80% from a standard of 54%, boosting yields by 17%. The company is also developing robotics to fully automate this sorting and transplanting process.

Farmship's business model is multifaceted, encompassing consultancy for companies entering the plant factory market, operational support for existing factories, and the development of proprietary technology. This includes a cloud-based integrated environmental control system called "COMPASS" and a container-type plant factory module known as "BlockFARM". Beyond production technology, the company has developed "CONTINENTAL," a supply and demand management system for agricultural products, to streamline distribution. Revenue is generated through these consulting services, technology sales, and by operating a large-scale production and distribution network in partnership with major corporations like TEPCO and Fuyo General Lease. One such joint venture, Saisai Seikatsu LLC, operates one of the world's largest plant factories with fully artificial light, producing approximately 5 tons of leafy greens daily for food processors in the Kanto, Chubu, and Kansai regions.

Keywords: AgriTech, vertical farming, plant factory, controlled environment agriculture, AI in agriculture, sustainable agriculture, food loss reduction, agricultural technology, seedling analysis, automated farming, hydroponics, food supply chain, B2B agricultural services, farm-to-fork, urban farming, Mizuki Yasuda, Masahiro Kitajima, indoor farming, Japanese agriculture, robotics in agriculture

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