Category: Vertical Farming
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Large-scale vertical farming company AeroFarms announced today it will go public via a merger with special purpose acquisition company (SPAC) Spring Valley Acquisition Corp. Once the deal goes through, AeroFarms will become publicly traded on the Nasdaq under the ARFM ticker symbol. The combined company is expected to have an estimated equity value of about…
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Indoor ag company Bowery Farming announced today a partnership with Albertsons that will put Bowery’s vertically grown greens into hundreds of grocery stores. From today, Bowery produce is available at an initial 275 Albertsons-owned Safeway and Acme stores in the Northeast and Mid-Atlantic regions of the U.S. To start, Bowery’s most popular products will be…
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Vertical farming company Eden Green Technology announced this week it has raised $12 million from existing investment partners and broken ground on a new greenhouse in the Dallas-Ft. Worth area. The new farm is located news next to Eden’s R&D center, and will produce about 500 tons of leafy greens annually, the company said in…
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Vertical farming company Kalera today announced its plans to open a commercial growing facility in St. Paul, Minnesota. This is the eighth farm that is either open or in the works for Orlando, Florida-based Kalera. For a long time, Kalera primarily served the hospitality industry in Orlando with its HyCube vertical farming facility. The company…
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Swedish vertical farming company Grönska announced today it has raised 20.5 million SEK (~$2.4 million). Investors in the round include 82an Invest, PEAS Industries, Rite Ventures, Martas Explorers, Daniel Sachs AB, and Investor Group led by Tectonic Shift. There are two different parts of Grönska’s business. The company grows leafy greens in a fully controlled…
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Vertical farming company Oishii has raised $50 million in Series A funding, according to a press release sent to The Spoon today. The round was led by SPARX Group’s Mirai Creation Fund II, with participation from Sony Innovation Fund, PKSHA Technology, Social Starts, and several angel investors. It brings Oishii’s total funding to date to $55…
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Vertical farming company Plenty today announced an expansion to 17 more Safeway stores across Northern California, as well as a new tech feature that lets shoppers text Plenty’s farmers directly. According to a press release sent to The Spoon, the Northern California expansion is part of the multi-year deal between Plenty and Safeway parent company…
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GoodLeaf Farms announced this week it has raised more than $65 million from food manufacturer McCain Foods and is set to embark on “an aggressive growth and expansion plan” for its network of vertical farms, according to an email sent to The Spoon. Based in Ontario, Canada, GoodLeaf grows leafy greens inside a controlled-environment vertical…
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Vertical farming company Kalera announced this week it has acquired Vindara, a company developing seeds specifically for the indoor vertical farming environment and other controlled environment agriculture methods. With this acquisition, Kalera says it can increase both crop yield and the speed of growth cycles in its current and future facilities. Kalera currently has two…
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InFarm, a company best known for bringing modular hydroponic farming units to grocery stores, today introduced its Growing Center facility, a combination high-capacity farm and distribution center. The company plans to build out 100 of these facilities by 2025 in major cities all over the world, with the total amounting to 1.5 million square meters…
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At one point in the not-so-distant past, vertical farming’s role in our future agricultural system was far from certain. Growing leafy greens in warehouse-like environments controlled by tech seemed like a compelling business, but one that had yet to prove itself either economically or as an important source of food for a growing world population.…
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Bethesda, Maryland-based indoor farming company Gardyn announced today it is raising a $10 million Series A round led by JAB Holding Company. According to a press release sent to The Spoon, the non-controlling investment, when finalized, will bring Gardyn’s total funding to date to $15 million. The new funds will allow Gardyn to accelerate the…
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