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10th October 2018

Agtech start-up Phytoponics secures funding from Smart Anchor Capital

Phytoponics, a multi-award winning start-up specialising in the development of hydroponic deep-water culture technology for sustainable agriculture has secured £300,000 in new funding following on from the £200,000 it raised earlier this year. The funding comes from existing investors and a number of new angel investors lead by Smart Anchor Capital.

The company based in Aberystwyth was co-founded by Adam Dixon and Luke Parkin during Adam’s studies at Cardiff University with the aim of delivering highly optimised hydroponic systems designed to produce better crop yields than traditional systems and with the potential to meet global food demand with sustainability in mind. Phytoponic’s patented Hydrosac technology is ready for high volume commercial growing having proven itself by producing two tonnes of high quality tomatoes through a pilot project housed at the company’s glasshouse facility at Aberystwyth University.

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