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Private Equity & Ventures
The investment will help accelerate the launch of GreenFingers and drive international expansion.
Foresight Group has announced a £2.5 million investment into Bloemteknik Limited (“Bloem”) a Cardiff-based provider of precision LED lighting systems for commercial greenhouses and vertical farms.
The investment was made through the British Business Bank’s Investment Fund for Wales (“IFW”) and Foresight’s Growth VCTs. The Investment Fund for Wales was launched in November 2023, by the UK government-backed British Business Bank, to boost the supply of early-stage finance to small and medium-sized businesses across Wales. The investment into Bloem was led by appointed fund managers, Foresight, who oversee the Fund’s equity investments up to £5 million.
Founded in 2023 by two former senior leaders from global innovation and technology leader, GE, Bloem has rapidly scaled to become a trusted supplier of horticultural lighting, deploying over 25,000 fixtures across multiple international markets. Its modular systems are tailored to specific crop types and growing environments, enabling growers to operate more efficiently, to boost productivity, and achieve consistent results.
Foresight’s investment has been instrumental in bringing Bloem’s new autonomous lighting platform – GreenFingers – to market. GreenFingers uses advanced algorithms to deliver real-time, self-optimising control of supplementary lighting, ensuring consistent daily light integral (“DLI”) and a balanced growing environment. With Foresight’s backing, Bloem has accelerated final development, testing, and commercial deployment, giving growers access to a technology that redefines lighting performance in controlled environment agriculture.
The investment will also allow Bloem to scale its operations, strengthen delivery capacity, and expand into new international markets. The partnership brings strategic support through board-level guidance, sector expertise, and access to Foresight’s global network, helping Bloem build a resilient, high-growth business rooted in South Wales.
Following a nomination by Foresight, the company has also secured over £700,000 of Innovate UK grant funding through the Investor Partnership Programme to support ongoing product development and further advancements of the GreenFingers platform.
James Fleet, CEO of Bloem, commented: “Bringing GreenFingers to market simply wouldn’t have been possible at this pace without Foresight’s backing. Their investment has enabled us to turn an ambitious concept into meaningful value for growers. GreenFingers creates a truly autonomous self-optimising lighting ecosystem, using advanced algorithms to determine the optimal supplementary intensity and spectrum. It automatically adjusts LED fixtures in real time to maintain a consistent DLI under a balanced cultivation environment.”
Bethan Bannister, Senior Investment Manager, Nations and Regions Investment Funds at the British Business Bank, said: “It’s great to see how the Investment Fund for Wales is accelerating the rate at which innovative businesses like Bloem, are able to bring new products to market.
“Bloem’s development journey is impressive and with their strategic growth ambitions being supported with this funding, we look forward to seeing their ongoing success.”
Ashley Rogers, Investment Manager at Foresight, commented: "Bloem has demonstrated strong early traction in a fast-growing market, with a differentiated product and experienced team. We’re pleased to support their growth and innovation, particularly as they expand into new geographies and continue to build on their market leading proposition."
This marks Foresight’s seventh investment from the Investment Fund for Wales, reinforcing its commitment to supporting innovative Welsh businesses with high-growth potential.
Operated by the British Business Bank, the Investment Fund for Wales (IFW) provides a mix of debt and equity funding. IFW will offer a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. It works alongside the various support and funding organisations from Welsh Government, as well as local intermediaries such as accountants, fund managers and banks, to support Wales’ smaller businesses at all stages of their development.
The funds in which the IFW invests are open to businesses with material operations, those planning on opening material operations, in all areas of Wales, including, but not limited to, North Eastern Wales, North Western Wales, Mid Wales, South West Wales and South East Wales.
Supported by Nations and Regions Investments Limited, a subsidiary of British Business Bank plc, the Bank is a development bank wholly owned by HM Government. Neither Nations and Regions Investments Limited nor British Business Bank plc are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).
For more information contact:
Lauren Tunnicliffe
Senior Communications Manager, British Business Bank, lauren.tunnicliffe@british-business-bank.co.uk
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Lauren Tunnicliffe, British Business Bank, lauren.tunnicliffe@british-business-bank.co.uk
Chris Barry, Influential: Barry@thisisinfluential.com / +44 (0)7733 103 693
Foresight Group: marketing@foresightgroup.eu
Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia.
With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.
A constituent of the FTSE 250 index, Foresight’s diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors. Its wide range of private and public funds is complemented with a variety of investment solutions designed for the retail market.
Foresight is united by a shared commitment to build a sustainable future and grow thriving companies and economies.
Visit https://foresight.group for more information.
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Mae Foresight Group (“Foresight”), rheolwr buddsoddi ecwiti preifat a seilwaith blaenllaw yn y rhanbarth, wedi cyhoeddi buddsoddiad o £2.5 miliwn i Bloemteknik Limited (“Bloem”), darparwr o Gaerdydd sy’n cynnig systemau goleuo LED manwl gywir ar gyfer tai gwydr masnachol a ffermydd fertigol.
Daeth y buddsoddiad Gronfa Buddsoddi I Gymru (“CBC”) Bank Busnes Prydain a VCTs Foresight. Lansiwyd Cronfa Buddsoddi Cymru ym mis Tachwedd 2023, gan Fanc Busnes Prydain a gefnogir gan y llywodraeth, i hybu’r cyflenwad o gyllid cyfnod cynnar i fusnesau bach a chanolig ledled Cymru. Arweiniwyd y buddsoddiad yn Bloem gan reolwyr cronfa penodedig, Foresight, sy'n goruchwylio buddsoddiadau ecwiti'r Gronfa hyd at £5 miliwn.
Wedi'i sefydlu yn 2023 gan ddau gyn-uwch arweinydd o'r cwmni arloesi a thechnoleg byd-eang, GE, mae Bloem wedi tyfu'n gyflym i ddod yn gyflenwr dibynadwy o oleuadau garddwriaethol, gan gweithredu dros 25,000 o osodiadau ar draws nifer o farchnadoedd rhyngwladol. Mae ei systemau modiwlaidd wedi'u teilwra i fathau penodol o gnydau ac amgylcheddau tyfu, gan alluogi tyfwyr i weithredu'n fwy effeithlon, i hybu cynhyrchiant, a chyflawni canlyniadau cyson.
Mae buddsoddiad Foresight wedi bod yn allweddol wrth ddod â llwyfan goleuo annibynnol newydd Bloem – GreenFingers – i’r farchnad. Mae GreenFingers yn defnyddio algorithmau uwch i ddarparu rheolaeth hunan-optimeiddio amser real o oleuadau atodol, gan sicrhau DLI cyson ac amgylchedd tyfu cytbwys. Gyda chefnogaeth Foresight, mae Bloem wedi cyflymu datblygiad terfynol, profi a lansiad masnachol, gan roi mynediad i dyfwyr at dechnoleg sy’n ailddiffinio perfformiad goleuo mewn amaethyddiaeth amgylchedd rheoledig.
Bydd y buddsoddiad hefyd yn galluogi Bloem i raddio ei weithrediadau, cryfhau gallu cyflawni, ac ehangu i farchnadoedd rhyngwladol newydd. Mae’r bartneriaeth yn dod â chefnogaeth strategol drwy arweiniad ar lefel y bwrdd, arbenigedd sectorol, a mynediad i rwydwaith byd-eang Foresight, gan helpu Bloem i adeiladu busnes cadarn, twf-uchel sydd wedi’i wreiddio yn Ne Cymru.
Yn dilyn enwebiad gan Foresight, mae’r cwmni hefyd wedi ennill dros £700,000 o gyllid grant gan Innovate UK drwy’r Rhaglen Partneriaeth Buddsoddwyr i gefnogi datblygiad parhaus y cynnyrch a gwelliannau pellach i lwyfan GreenFingers
James Fleet, CEO of Bloem, sylwodd: “Ni fyddai dod â GreenFingers i’r farchnad wedi bod yn bosibl ar y cyflymder hwn heb gefnogaeth Foresight. Mae eu buddsoddiad wedi ein galluogi i droi cysyniad uchelgeisiol yn werth ystyrlon i dyfwyr. Mae GreenFingers yn creu ecosystem goleuo hunan-optimeiddio gwirioneddol annibynnol, gan ddefnyddio algorithmau soffistigedig i bennu’r dwysedd a’r sbectrwm atodol gorau posibl. Mae’n addasu gosodiadau LED yn awtomatig mewn amser real i gynnal cyfanswm golau dyddiol cyson o dan amgylchedd tyfu cytbwys.”
Bethan Bannister, Uwch Reolwr Buddsoddi, Cronfeydd Buddsoddi Cenedl a Rhanbarthau yn y Banc Busnes Prydain, dywedodd: “Mae’n wych gweld sut mae’r Gronfa Buddsoddi I Gymru yn cyflymu’r gyfradd y mae busnesau arloesol fel Bloem yn gallu dod â chynhyrchion newydd i’r farchnad. Mae taith ddatblygu Bloem yn drawiadol ac, gyda’u huchelgeisiau twf strategol yn cael eu cefnogi gan y cyllid hwn, edrychwn ymlaen at weld eu llwyddiant parhaus.
Ashley Rogers, Rheolwr Buddsoddi yn Foresight, sylwodd: " Mae Bloem wedi dangos tyniant cynnar cryf mewn marchnad sy’n tyfu’n gyflym, gyda chynnyrch gwahaniaethol a thîm profiadol. Rydym yn falch o gefnogi eu twf ac arloesedd, yn enwedig wrth iddynt ehangu i diriogaethau newydd a pharhau i adeiladu ar eu cynnig blaenllaw yn y farchnad."
Mae hyn yn nodi seithfed buddsoddiad Foresight o’r Gronfa Buddsoddi ar gyfer Cymru, gan atgyfnerthu ei ymrwymiad i gefnogi busnesau arloesol Cymreig gyda photensial twf uchel.
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