# Crocus Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crocus-labs

- Industry: Electronics
- Headquarters: Berlin, Germany
- Website: http://www.crocuslabs.com
- Total disclosed funding: $0.4M
- Latest round: Seed (Nov 23, 2022)
- Investors on record: 3

## About

Crocus Labs GmbH, based in Germany, specializes in advanced energy-efficient lighting technologies, focusing on customizable solutions for horticulture and agricultural applications.Founded in 2020 and headquartered in Berlin, Germany, Crocus Labs GmbH offers innovative lighting solutions tailored for agricultural needs. The company has successfully secured funding through two deals, with the latest Seed round raising EUR 0.300 mn in November 2022, led by High-Tech Gründerfonds. The company was founded by Galina Gorshkova and Prashanth Makaram, who also serves as the CEO. Prior entrepreneurial backgrounds are not specified.Crocus Labs specializes in advanced energy-efficient lighting technologies, primarily focusing on customizable light engine solutions. Their core products include Quantum Dot LED systems designed for horticulture, utilizing spectral tuning for enhanced plant growth. They cater to commercial growers, research institutions, and agricultural technology firms in Europe and North America, aiming to contribute to sustainable agricultural practices and improve crop yields.Crocus Labs operates on a B2B model, engaging with commercial partners in the horticulture and agricultural sectors. Their revenue structure is based on direct sales agreements and long-term partnerships, involving bulk orders of customized Quantum Dot LED systems. They may also provide ongoing service and support contracts, aligning their revenue generation with the increasing demand for advanced agricultural technologies and sustainable lighting solutions.In November 2022, Crocus Labs GmbH raised EUR 0.300 mn in Seed funding to accelerate product research and development, expand geographically, and support future growth. The company plans to introduce new products and strengthen its presence in targeted markets in Europe and North America.

## Funding rounds

- Seed, Nov 23, 2022 — High-Tech Gruenderfonds, Brandenburg Kapital, Business Angels Club Berlin-Brandenburg
- Seed, Feb 9, 2021, $0.4M — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Brandenburg Kapital (https://capitalatlas.ai/funds/brandenburg-kapital) — Seed
- Business Angels Club Berlin-Brandenburg — Seed