80 Acres Farms, a Cincinnati, OH-based indoor farming company providing customers with locally grown fruits and vegetables, received a significant investment from Virgo Investment Group.
The terms of the financing were not disclosed.
Founded in 2015 by veteran food industry executives Mike Zelkind and Tisha Livingston, 80 Acres Farms provides customers with a wide variety of locally grown, just-picked leafy greens, microgreens, and vine crops, including tomatoes and cucumbers grown completely indoors using just LED lighting.
The company has developed its own artificial intelligence-powered growing system, data monitoring, and automation technologies to deliver high quality and nutritious products at an affordable price.
80 Acres distributes to major national grocers, local retailers, restaurants, and food service companies from its facilities in Ohio, Arkansas, North Carolina and Alabama.
The investment will enable the company to complete its facility in Hamilton, Ohio, which will be the first fully automated indoor farm in North America.
The first phase of the Hamilton project under construction is expected to be operational in early 2019. The facility will feature handling robotics, artificial intelligence, data analytics, and around-the-clock monitoring sensors and control systems to optimize every aspect of growing produce indoors.