Freight Farms, which builds containerized vertical farms, has raised $15 million in Series B funding, led by investment firm Ospraie Ag Science.
Ospraie supports sustainable agriculture solutions, according to a Freight Farms news release.
The money will be used to “advance the technical potential of Freight Farms’ platform through continued innovation, with new services designed to benefit its growing global network of farmers and corporate partners,” according to the release.
“Freight Farms has redefined vertical farming and made decentralizing the food system something that’s possible and meaningful right now, not in the ‘future of food,’” Jason Mraz, President of Ospraie Ag Science, said in the release.
The announcement of the funding closely followed Freight Farms partnership with Sodexo to promote Freight Farms growing operations at college and schools where Sodexo operates.
“It’s a big step forward for the industry when financial markets recognize and champion the value of creating a distributed food system,” Brad McNamara, Freight Farms CEO, said in the release. “Aligned on mission-driven growth as a team, there is a massive opportunity before us to scale across global markets, propelling meaningful technology that’s already doing good.”
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