Investors from around the globe flock to AeroFarms

Investors from around the globe flock to AeroFarms

Indoor vertical grower AeroFarms has secured $40 million in Series D financing, pulling in investors from Dubai, London, New York, Beijing and The Netherlands.

The company, which built its ninth farm in Newark, N.J., has raised over $100 million in corporate and project financing, according to a news release. The latest round of funding goes to research and development and technology, as well as adding more farms around the world, according to the release.

The recent investors include:

  • Meraas Holdings, Dubai;
  • ADM Capital and Wheatsheaf Group, London;
  • AllianceBernstein, New York;
  • Ikea Group, The Netherlands;
  • GSR Ventures, Beijing

Gen. David Petraeus and chef David Chang (of Momofuku) were also listed among individual investors.

“We are as much a capabilities organization as we are farmers, vertically integrated to give us the tools and insights to optimize for taste, texture, color, nutrition and yield,” AeroFarms co-founder and CEO David Rosenberg said in the release.

Rosenberg lists loss of fresh water, worker welfare, food safety and food security as key areas that AeroFarms is addressing with its proprietary growing technology.

 

Latest News

Federal grant funding to highlight organic agriculture in Texas
Federal grant funding to highlight organic agriculture in Texas

The Texas Department of Agriculture will receive nearly $200,000 over the next three years to support promotional and educational activities.

Bland Farms sees Gold Rush for Vidalia onion promotions
Bland Farms sees Gold Rush for Vidalia onion promotions

Glennville, Ga.-based Bland Farms is expecting a strong crop of Vidalia onions this year to go along with its Gold Rush promotional campaign.

How new research could prevent frost damage in orchards
How new research could prevent frost damage in orchards

In this podcast episode, Advanced Agriscience's Collin Juurakko shares interesting discoveries he's made about how frost crystals form and how that led to a potential solution for tree-fruit growers across the globe.

Cool Creations previews new products at AWG show
Cool Creations previews new products at AWG show

North Kansas City, Mo.-based Cool Creations LLC had two new products to show off at the Associated Wholesale Grocers' seventh annual Innovation Showcase, March 25-26.

Dole, Fresh Express nix sale of fresh vegetables division
Dole, Fresh Express nix sale of fresh vegetables division

Following Department of Justice concerns about competition in the packaged salad market, the companies have abandoned the proposed $308 million deal.

Fresh Del Monte named to most trusted companies list
Fresh Del Monte named to most trusted companies list

Fresh Del Monte is among the honorees on the Most Trustworthy Companies in America 2024 list, recognized for a commitment to quality, sustainability and innovation in fresh produce.