Intelligent Growth Solutions 🇬🇧

IGS develops smart infrastructure and software for indoor ag. 

Intelligent Growth Solutions

Round Size
£5.4 million
Round Name
Series A

Investors

AgFunder, S2G Ventures, Scottish Investment Bank.

Summary

IGS has developed a proprietary power, communication and operations platform for controlled environment agriculture (CEA). These three components have been designed into a unique single core power and communications system that is managed by a bespoke SaaS and data control platform. The core of the IGS technology is a 3-phase AC power system that simulates continuous DC power, and in doing so, greatly reduces equipment complexity and cost while providing significant power savings of 50% in addition to decreasing installation costs by 80%. This technology has the potential to materially change the way indoor growing is undertaken and vastly improves the potential for successful farming given the cost savings this system provides. There are a wide variety of applications of this technology across all forms of CEA as well as the commercial and retail lighting sectors.

Why we invested

  • Quality leadership with experience of building large businesses with multiple successful exits backed by a very strong technical founder.
  • Game changing technology that materially reduces both capital and operational costs, creating profitability in a sector struggling with razor thin margins.
  • IGS technology is applicable to numerous markets where lighting installation, operation and control constitute a material business cost.  
  • Strong IP suite with global coverage.
  • Extensive sales pipeline with some of the largest CEA operators globally.  
  • Very strong investor syndicate led by S2G.

 

 

Contact Intelligent Growth Solutions

info@intelligentgrowthsolutions.com

 

 


Team

David Farquhar
CEO

David Farquhar is a turnaround and growth specialist with 25 years of experience in the global enterprise technology sector. He has built, scaled and sold a series of PE and VC-backed companies in Europe, North America, the Middle East, India, East Asia, Australia and New Zealand. Most recently he was CEO of Workplace, a company that helps consumer-facing sectors like retail, hospitality and leisure drive revenue by optimizing the deployment of their workforce to improve customer service. After 3 years, they merged with WorkForce Software where he served as COO for another 4 months. David is also an angel investor with above market returns and serves as non-executive director for various startups.

Dave Scott
CTO/Cofounder

Dave is an electrical and controls engineer with 10 years of experience in industrial automation, largely at Tornado Storage Solutions. Tornado was the first company to develop and implement automated storage retrieval in the retail market. Dave is a specialist in the integration of electrical controls systems and warehouse management systems and invented a globally deployed automated retail warehousing system while working for Tornado. He holds a BEng Honors Degree in Electronic and Computer Engineering from Napier University and holds an IEng accreditation for the IMeche and IET.

John Chapman
CSO

John has over 25 years of experience in the global enterprise technology sector. He is a former venture capitalist with Banque Paribas, Pontis Capital and TVM Capital. He served as non-executive director for various startups and led them to successful exits. He is also a co-founder and director of Northface Ventures which provides mentoring, support and investment to management teams in the technology, media and telecoms space. He holds a BA from Carleton College in International Relations and has an MBA from Northwestern University - Kellogg School of Management.