De Hoge Dennen is part of the investment arm of the De Rijcke family, the former owners of Kruidvat.
Its previous investments included online supermarket Picnic, the Felyx shared scooter concept, and the electrical bicycle brand QWIC.
PlantLab says the funds will enable it to open more production sites outside the Netherlands, like North America and Europe.
To date, the company has raised total funding of €120M.
Founded in 2010 in Den Bosch, the company has developed a globally patented technology for ‘vertical farming’, a hyper-efficient method for growing vegetables and fruits.
The company has already invested €70M in technology to grow “fresh, healthy and delicious vegetables” on a large scale very close to the consumer without using any chemical crop protection agents.
On a surface area the size of only two football fields, the company says it is now possible to produce enough crops to feed a city of 100,000 residents with 200 g of vegetables each daily.
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