Square Roots Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Square Roots Inc. - overview
Established
2017
Location
Brooklyn, NY, US
Primary Industry
Agribusiness
About
Square Roots Inc. specializes in modular indoor farming solutions, utilizing advanced hydroponics to enable diverse clients, including farmers and researchers, to cultivate crops efficiently, even in urban environments. Square Roots Inc. was founded in 2017 and operates a modular indoor farming platform to facilitate crop cultivation.
The company is headquartered in Brooklyn, US. Founded by Kimbal Musk and Morad Fareed, it received USD 5. 4 million in Seed funding in August 2017, led by Collaborative Fund. The total amount raised by the company is USD 5.
4 million, with one deal recorded. Square Roots specializes in providing a modular indoor farming platform that enables food providers, farmers, researchers, and innovators to cultivate crops using advanced hydroponic systems. Their offerings include customized smart software that allows users to control environmental conditions precisely, facilitating efficient growth from seed to harvest. The platform supports various projects, catering to a diverse clientele that includes agricultural innovators looking to operate indoor farms or license the technology for their own facilities.
The company extends its services to urban areas where space for traditional farming is limited, as well as regions facing food security challenges. Square Roots generates revenue through various business models, including partnerships, licensing agreements, and direct engagement with agricultural innovators. Clients can choose to deploy their own facilities using Square Roots' technology or utilize existing modular farms to start growing crops immediately. The pricing structure typically reflects the complexity and scale of the solution provided, though specific pricing details are not disclosed.
The company’s revenues are bolstered by its flagship offerings, which include hydroponic systems and accompanying smart software that streamlines agricultural operations for both B2B clients and direct users. Square Roots plans to utilize the recent funding of USD 5. 4 million raised in August 2017 to expand its modular indoor farming solutions and develop new product offerings. The company aims to enter additional urban markets and regions facing food security challenges, targeting expansion by the end of 2023.
These initiatives are expected to enhance their existing agricultural technology and support innovative farming practices.
Current Investors
Collaborative Fund
Primary Industry
Agribusiness
Sub Industries
Farm Support Services, Farm Equipment, Crop Production
Website
www.squarerootsgrow.com
Verticals
Agtech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Square Roots Inc. - employee data


Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.