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Series A | Alive

Total Raised


Last Raised

$4.14M | 1 yr ago

About Ekonoke

Ekonoke is an Agbiotech company with a focus on sustainable and climate resilient farming of hops. The company's main service involves the use of scientific knowledge and advanced technologies to grow high-quality hops in a risk-free and environmentally friendly manner. Ekonoke primarily serves the beer brewing industry. It is based in Madrid, Spain.

Headquarters Location

Ronda del Ingenioso Hidalgo, 30 3-2



+34 626 163 032



Expert Collections containing Ekonoke

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Ekonoke is included in 1 Expert Collection, including Wellness Tech.


Wellness Tech

1,370 items

We define wellness tech as companies developing technology to help consumers improve their physical, mental, and social well-being. Companies in this collection play across a wide range of categories, including food and beverage, fitness, personal care, and corporate wellness.

Latest Ekonoke News

Hop on: Spanish startup on ‘mission to save planet’s beer’ from climate crisis

Apr 19, 2023

Ekonoke’s hydroponic cultivation of hop plants attracting interest of brewers including world’s biggest Last modified on Wed 19 Apr 2023 10.48 EDT Though lacking in rustic romance, the disco-lit rows of hops bolting towards the ceiling of an industrial unit just outside Madrid could be the answer to the parched prayers of brewers and beer-drinkers across the planet. The hop plant, whose bright green flowers have been used for hundreds of years to flavour and stabilise beer, is increasingly falling victim to the climate emergency as hotter summers and unpredictable weather drive down both yields and quality. But Ekonoke , a Spanish startup that has been exploring indoor crop cultivation for the past four years, thinks it has found a viable, and sustainable, solution. The hops it is growing hydroponically in Alcobendas, and in nearby San Sebastián de los Reyes, are not only yielding as much as their outdoor peers – about 1kg (2.2lb) per plant – they are also richer in the essential oils and alpha acids that give a beer its all-important bitter taste and aroma. What is more, Ekonoke’s methods – which remain a closely guarded secret – use 15 times less water than traditional outdoor growing and result in an overall carbon footprint that is also 15 times smaller than field growth. And, because the hops are grown indoors under strictly controlled conditions, no pesticides are needed. Although Ekonoke started out experimenting with leafy greens and micro-herbs, it eventually realised that its niche lay in hops, more than 80% of which are grown in just two countries: the US and Germany. Ana Saez, chief operations officer of Ekonoke, at the facility in Alcobendas, Spain. Photograph: Juan Medina/Reuters “They saw that when you had two or more extreme weather events, the impact was huge on both quality and quantity,” she said. “Last year, for example, there was a brutal drought and very, very high summer temperatures. In Germany, where temperatures got up to 35C or 38C, the average hop production per hectare was down by 28%. There were some parts of Germany where they lost 80% of the harvest.” The hops that survived, Sagrario added, were poor quality. Ekonoke’s hydroponic hops project has attracted the interest of Spanish, and global, beer companies, and is part of an accelerator programme initiated by AB InBev, the world’s largest brewer. The €4.2m (£3.7m) it secured in investment rounds last year – much of it from the Spanish beer brand Estrella Galicia – has helped Ekonoke build a 1,200-sq-metre (12,917-sq-metre) pilot factory in the north-west Spanish region that is due to be finished at the end of June. It aims to harvest 5,000kg of hops a year there. Eventually, the company says, it could harvest 90,000kg a year in factories around the world. Sagrario is grateful for the brewing industry’s interest and support, if not wholly surprised by it: “What the breweries are most interested in is having a guaranteed supply so they can avoid that whole headache of having to see how the year is going and deciding whether to dip into the hop stocks.” For Ekonoke, however, the technology has far wider implications, especially when it comes to land use and sustainability. Because its methods deliver 40 times more hop yield per hectare than outdoor growing, they could free up huge amounts of land for soil regeneration or reforestation. Technician Carlos Aviles helps harvest hops at the Ekonoke facility in San Sebastián de los Reyes, Spain. Photograph: Juan Medina/Reuters Given its investment – and the unpredictability of hops yields – the industry is keeping a close eye on the startup and its promise of a guaranteed supply of special varieties. Willy Buholzer, AB InBev’s director for global hops procurement, said the big questions were whether “very promising” indoor farmers could ride out the current high energy costs, and whether they could make headway in a conservative and very well-established sector. “You should not underestimate traditional [outdoor] hop growers,” he told Reuters. “They always come up with new ideas.” Ekonoke is also exploring other uses for hops, which is being studied by researchers working on everything from tumours and Crohn’s disease to Alzheimer’s and the menopause. Meanwhile, another company in the same accelerator programme is looking into whether hop vegetable matter can be made into cardboard for six packs of beer. A bar worker in Madrid serves beers made using hops cultivated by Ekonoke. Photograph: Juan Medina/Reuters But beer, unsurprisingly, is never too far from Ekonoke’s thoughts. An IPA has already been brewed using its hops, and the team is now investigating how its technology could be used to grow and safeguard different hop varieties. “One of the things we’re trying to do at the moment is see how far we can recreate the terroir of a specific variety of hops; to see if we can create the right nutritional and climatic conditions so that the hops taste and smell exactly as they would in the region they’re from at a certain time of the season,” said Sagrario. “But we’ll also be able to recover lost biodiversity by growing varieties that are no longer grown precisely because they can’t take the changing temperatures or survive diseases that weren’t around before.” Despite the ever-more inescapable effects of the climate emergency, Sagrario’s glass remains half-full. “Our mission is to save the planet’s beer and I think we’re on the way there,” she said. “We still need to scale up but we have very powerful travel companions.” Topics 7 Sept 2022 30 Mar 2023 25 Jan 2023 7 Sept 2022 22 Jan 2023 4 Sept 2022 9 Jan 2023 2 Aug 2022 1 Aug 2022 12 Nov 2022

Ekonoke Frequently Asked Questions (FAQ)

  • Where is Ekonoke's headquarters?

    Ekonoke's headquarters is located at Ronda del Ingenioso Hidalgo, 30, Madrid.

  • What is Ekonoke's latest funding round?

    Ekonoke's latest funding round is Series A.

  • How much did Ekonoke raise?

    Ekonoke raised a total of $4.64M.

  • Who are the investors of Ekonoke?

    Investors of Ekonoke include Hijos de Rivera and Eatable Adventures.

  • Who are Ekonoke's competitors?

    Competitors of Ekonoke include Evja and 4 more.


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