
Dumbo indoor agriculture startup Agrilyst closed on $1.5 million in venture funding Wednesday in a round led by a St. Louis-based VC, iSelect Fund, which focuses on agtech and biotechnology startups.
The round also included investment from three Chinese VCs: Argonautic Labs, Horizons Labs and Onlan Capital Fund. With the money and partnerships, Agrilyst’s founder and CEO Allison Kopf, said the company will look to expand into Chinese markets.
“The thing I think [the VCs] are most excited about is that this is a fast growing industry, indoor farming,” Kopf said by phone Thursday. “Data is kind of like pickaxes in a gold rush.”
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