Crocus Labs Raises Euro 300K in Funding

Crocus Labs

Crocus Labs, a Berlin, Germany-based horticulture lighting startup deveoping novel smart LED technology, raised €300k in funding.

Backers included High-Tech Gründerfonds (HTGF).

The company intends to use the funds to enter the market in 2021.

Led by Dr. Prashanth Makaram, who has more than 15 years of experience in the semiconductor industry, Crocus Labs has developed technology for the agriculture sector by recreating sun-light with LEDs. Starting with their proprietary Diodes, the company controls their complete value chain including sensors, luminaires and software components, helping to monitor and optimize plant growth.

The company is currently in advanced talks with a major Greenhouse builder and one Vertical Farm about joint R&D projects.