AeroFarms Faises Equity Financing for Expansion and Ongoing Operations

As reported in Produce Grower magazine: Indoor vertical farming company AeroFarms has refinanced its debt to support the ongoing operations at its farm in Danville, Virginia, and has raised equity financing to further support existing operations and fund pre-construction activities for its expansion to a second farm.

“Our vision is to provide local food production of nutritious microgreens to regions around the world while preserving natural resources,” said Molly Montgomery, executive chair and CEO of AeroFarms. “We have recently demonstrated that vertical farming can indeed be sustainable, profitable and produce fresh greens at scale. I would like to extend my gratitude to our financial partners who believe in our vision and have provided financing to support our operation in Danville and commencement of pre-construction activities for expansion to a second farm.”

Equity was provided by existing investors, including Grosvenor Food & AgTech (GFA), Ingka Investments, Cibus Capital and ACEG, among others.

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