Arctic Farming
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
Arctic Farming was an Espoo, Finland agritech startup founded in 2019 by Oliver Rotko (CEO), Daniel Rotko (CSO), Rodrigo Prieto Padilla (CTO) and Ignaty Romanov-Chernigovsky (Head of Software), all with space-industry backgrounds. It built fully automated, IoT-based vertical farming modules — 'farming walls' — leased to restaurants, hospitality and retail customers together with a seed-pod subscription, enabling hyperlocal production of fresh herbs, leafy greens and berries. The company raised around $635,000 in total, including a €150,000 seed round in 2022.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Bankruptcy
Kauppalehti’s Trade-Register-backed company database lists a separate legal entity Arctic Farming Oy konkurssipesä (Y-tunnus 3549286-9) with legal form Konkurssipesä (bankruptcy estate), address c/o law firm Aatsto Teperi & Co Oy in Helsinki, and status Toiminta lakannut (operations ceased). The original Espoo agritech company Arctic Farming Oy (3107533-9, Otakaari 5 / A Grid) is likewise listed Toiminta lakannut on Kauppalehti’s company page. No court-order date was printed on the opened pages.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
In 2022, Arctic Farming raises a €150,000 seed round, opens R&D facilities at the Aalto University campus in Otaniemi, and prepares to ship its first production units to Helsinki-area restaurants.
- 02
In September 2024, PitchBook records an exit by ESA Business Incubation Centre in Finland (01-Sep-2024); the company later appears as 'deceased' in the Startup100 database (2025-07-29).
- 03
The company is recorded as having ended in bankruptcy; no public bankruptcy filing announcement with a specific date was found in reliable sources.