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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Investing

    Posted By Gbaf News

    Posted on September 26, 2018

    Featured image for article about Investing

    Luxury smart home appliance brand to deliver their first units in Europe and the US in 2018

    Natufia Labs, Estonian-born startup developing machine-learning technology that grows plants right in your kitchen, announced the closing of a $1.2-million seed round today led by Butterfly Ventures, Techstars, and the Dubai-based family office Ginco Investments.

    The funds raised will be used to enable the company to expand into Europe and the US and will be on sale imminently.

    “Natufia Labs’ dynamic team has a groundbreaking impact on producing fresh food and changing the ways people consume it,” shares Juho Risku, partner at Butterfly Ventures. “Natufia Labs is changing the traditional agriculture model, which has $10B+ in annual revenue in the United States alone.”

    Around 70% of the worlds consumers have reduced or completely cut out meat consumption from their diets. With veganism rising by 600% in the US and 350% in the UK the global appetite for meat-free and plant-based diets is driving the market to be worth $5.2 billion by 2020. The sales of vegetables alone is estimated to increase by 20% by 2021. However, consumers are struggling to keep this produce fresh and on average one third is thrown away. Estonian-born startup, Natufia Labs is bridging this gap by offering consumers sustainable agriculture at home.

    The Natufia Kitchen Garden automatically grows the most nutritious assortment of fresh plants, vegetables, flowers and herbs in households and restaurant kitchens all year round. Using machine learning and real-time data analysis the connected garden will process environmental changes and adjust its settings accordingly. The automation increases the vitamin levels by 400%. Currently Natufia offers more than 30 types of fully organic and recycled seed capsules including popular herbs and plants such as basil and kale. The Natufia Kitchen Garden has been built with the finest quality in mind using stainless steel, ceramics and integrating a built-in touch screen the indoor garden is an asset to anyone’s home.

    “Consumers are more aware than ever about what they are buying and they want to know what is on their plate, where it came from, who made it and if it was traded fairly. The Natufia Kitchen Garden empowers consumers to grow their own produce at home. The future depends on the decentralization of food production.” says Gregory Lu,  CEO of Natufia Labs.

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