About AeroFarms
AeroFarms, B Corp leader in Indoor Vertical Farming, growing produce using up to 95% less water and no pesticides ever.
Headquarters
AeroFarms, Newark
Founded
2004-01-01
Industry
Agriculture, AgTech, CleanTech, Hospitality
Last Funding Type
Series Unknown
Valuation
1
Total Funding
$313.74 million dollars
IPO Status
Private
Financial
AeroFarms may be growing as it has successfully completed a restructuring process and emerged from Chapter 11 bankruptcy, indicating a recovery and potential financial stabilization. The company has received court approval for an Asset Purchase Agreement with a group of existing investors, which suggests an infusion of capital and investor confidence in its operations. Additionally, AeroFarms has shifted its focus to the ramp-up of its Virginia farm and has implemented cost-saving measures by eliminating spending on non-essential projects, which could lead to improved profitability and operational efficiency.
Funding Rounds
12
Number of Lead Investors
5
Total Funding Amount
$313.74 million dollars
Number of Investors
13