AeroFarms Closes $20M Financing

AeroFarmsAeroFarms, a Newark, NJ-based provider of an indoor vertical farming solution, closed a $20m financing.

The round was led by Wheatsheaf Group, a Grosvenor Estate company, with participation from existing investors GSR Ventures, MissionPoint Capital, and Middleland Capital.

The company will use the funds to build new global headquarters, an R&D facility, and expand its corporate and R&D team, construct a pipeline of farms on a total of four different continents worldwide.

Founded in 2004 and led by CEO David Rosenberg, AeroFarms builds, owns, and operates eco friendly and safe local farms that grow plants with no waste by using LED lights and algorithms with no sun and soil required.



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