Fotenix
Manchester
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Summary
Fotenix Limited is a Salford-based AgriTech firm and University of Manchester spinout founded by CEO Dr Charles Veys. The company is on a mission to create healthier and higher crop yields for farmers and growers, specifically targeting the horticultural sectors where there are major staffing shortages in the UK and across Europe.
The six-figure equity investment will allow Fotenix to develop its sales and marketing function while continuing further product development. The funding supports the company’s expansion plans as it grows its presence from its North West base and brings its technology to wider markets including the UK, EMEA, and USA.
“This investment marks a pivotal moment for Fotenix as we grow our presence from our base in the North West. Agriculture is under increasing pressure, and we tackle some of its most critical challenges head-on. By expanding our operations, we’re delivering data-driven production to more growers, helping them cut costs, improve efficiency, and adopt more sustainable practices.”
Dr Charles Veys, CEO – Fotenix
