Across our portfolio of 26 businesses reshaping how food is produced, distributed, and consumed, our investment companies are continuing to develop their offering and deliver lasting solutions at scale, helping to build a better food system.
Successfully leading AeroFarms out of bankruptcy in September, we brought on board new leadership and focused our efforts on ramping up production at its state-of-the-art microgreens facility in Danville, Virginia. Through the support of customers like Whole Foods and Costco, the company has successfully increased its operations and is nearing profitability in the first half of 2024 – a first for a full-scale vertical farming company.
Leading UK recipe box company Gousto, which is helping people cook high-quality, fresh food at home with minimal waste and producing fewer emissions than a traditional supermarket shop, returned to profitability in 2023, despite the challenge of record food inflation and the cost-of-living crisis. A study by environmental services company Foodsteps established that, over the past year, Gousto customers’ carbon footprints were 60,000 tonnes less than if they had consumed the equivalent meals from supermarket stores, also saving 22,000 tonnes of food waste.
TemperPack, a leading producer of a plant-based, sustainable insulation alternative to polystyrene and bubblewrap, continued its healthy growth by launching its WaveKraft platform.
WaveKraft allows customers to design and produce insulation materials on site, saving storage space and shipping costs, while reducing carbon emissions. The company now employs over 700 people across three key facilities in the US.
Fast-food giant McDonald’s began trialling AgriWebb’s software solutions, the market leader in combined arable and livestock management systems that help increase food producers’ efficiency by saving both time and money as well as boosting productivity and traceability, giving consumers confidence in food produce.
Visit AeroFarms.com
Visit Gousto.co.uk
Visit TemperPack.com
Visit AgriWebb.com