Gotham Greens, a Brooklyn, NY-based urban greenhouse developer and grower of locally and sustainably grown produce, closed $29m in Series C equity funding.
The round, which brings total funding to date to $45m, not including bank debt, was led by existing investors including the Silverman Group, along with a significant new investment from Creadev, a global private equity investment firm controlled by the Mulliez family.
Since its pioneering launch in 2011, Gotham Greens has grown from a single urban rooftop greenhouse in Brooklyn to a multi-state indoor farming leader and one of the largest hydroponic leafy greens producers in North America.
The company intends to use the funds to finance the expansion trajectory, widen distribution, grow its team, and enhance research and development in controlled environment food production techniques, data science and machine learning.
Led by Viraj Puri, co-founder and CEO, Gotham Greens grows fresh produce in technologically advanced, climate-controlled urban greenhouses in close proximity to retailers and food service providers, which ensures year-round supply chain reliability, transparency, and traceability. The company currently owns and operates 4 production-scale facilities in NYC and Chicago totaling 170,000 square feet and has another 500,000 square feet under development in 5 states.
The company announced new greenhouses in Chicago and Baltimore earlier this year.
Founded in 2009 in Brooklyn, New York, Gotham Greens currently employs over 150 full time team members.