CoolFarm: Why did Microsoft Portugal's Startup of the Year go bust?

Portugal

8 min read

Oct 28, 2019

By Gareth Gardiner Jones

©CoolFarm

The indoor-gardening tech startup went from winning awards to closing down with debts of close to €1m four years after its founding

On paper, CoolFarm ticked all the boxes for a promising future: it was seeking to revolutionize urban farming through a sustainable, innovative and affordable indoor precision-farming tech solution. In its four years of life from 2014 to 2018, the Portuguese startup's modular, plug-and-play turnkey solutions were presented globally, winning international acclaim and prizes. Yet, by October 2018, its journey had ended in bankruptcy proceedings and almost €1m in debt.
From the outset, CoolFarm seemed primed for success, gaining considerable international publicity and entering two...

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Edited by Celine Lim

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