Rise Gardens, a Chicago, IL-based provider of an in-home garden system, raised $2.6M in seed funding.
The round was led by True Ventures with participation from Michael Alter (Alter Group, WNBA Sky), Pat Vihtelic (Founder, Home Chef), Lee Rosenberg (venture investor), Howard Tullman (former CEO of 1871), Jai Shekhawat (Founder of Fieldglass), Doug Fogelson (artist and investor) and Pamela Roussos (Chief Innovation Officer at Miller Center for Social Entrepreneurship, Santa Clara University).
The company intends to use the funds to exoand operations and its business reach.
Founded by serial entrepreneur Hank Adams, Rise Gardens provides a smart indoor hydroponic gardening system with modular components to facilitate growing a wide variety of herbs, greens, veggies, vining plants, micro greens and favorites such as tomatoes and peppers.
The round follows a period of growth by the company since its launch in Q4 of 2019. Sales have doubled every month since January with a 750% growth rate over the previous quarter. Customers have planted 6,000 plants in the last two months alone, which is 1,500 pounds of produce grown for more than 300 families across the United States, Canada and Mexico.