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AeroFarms
Aeroponic urban farming company
- 101-200 employees
- B2C
- B2B
- Sustainability
- Food
- Manufacturing
- Robotics
- Agriculture
- Environmental
- East Ferry, Newark, NJ
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Company mission
To grow the best plants possible for the betterment of humanity.
Our take
The vertical farming industry has been on the rise in recent years, as the world looks to mitigate the strain on farmland. Leveraging robotics, ML, aeroponics, and hydroponics to control growing climates, it represents a modern approach to farming, and AeroFarms is one of the most well known startups in the field.
The space is already competitive, but AeroFarms sets itself apart from the likes of Bowery Farms and Gotham Greens by its use of aeroponics to grow quality produce without sunlight or soil. The company hit the headlines back in 2017 when celebrity chef David Chang helped round out a $40 million funding round, and it's been growing ever since, supplying the likes of Stop & Shop, Walmart, and Whole Foods.
Despite a strong historic performance in the market, the company announced in 2023 that it was making a Chapter 11 bankruptcy filing - brought on, it says by "significant industry and capital market headwinds". It has, however, remained positive in the face of this development, with plans to operate as normal while the process plays out, and return to pursuing growth with new financing options thereafter.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Medical, Dental, & Vision Insurance
- 401K with company match
- Health & Wellness Initiatives
- Collaborative work environment
- Team lunches with our fresh, local greens!
- Team-led initiatives and volunteer opportunities
- Free access to huge library of educational courses and programs
- Opportunities for professional development – we love to develop our staff and let them grow into new roles within the company
- Other domestic and international work opportunities: as we add new sites around the world, we will need AeroFarmers to fly our flag around the world
Company values
- Collaboration - Working together as a team, aligning on responsibilities and objectives
- Communication - Timely sharing and receiving of information and feedback
- Accountability - Acting with integrity while taking ownership of and responsibility for one’s commitments
- Agility - Adapting quickly to changes in a positive, constructive manner
- Respect - Valuing diversity in ideas and people
- Empowerment - Providing the environment and resources to enable everyone to drive business and personal growth
Funding (last 2 of 9 rounds)
Sep 2023
$70.8m
LATE VC
Jul 2019
$100m
SERIES E
Total funding: $328.8m
This company has top investors
Leadership
David Rosenberg
(CEO)Founded and was CEO of waterproofing concrete construction company Hycrete between 2001 and 2011. Board Member of Aspire Food Group, Managing Trustee of Liberty Science Center, and Non-Executive Chairman of the Board at EVERY.
Marc Oshima
(CMO)Former Marketing Director at The Food Emporium, The Great Atlantic & Pacific Tea Company, and Gourmet Market Citarella. Board Member at multiple food & sustainability bodies including the Produce Marketing Association, CEA Food Safety Coalition, and Culinary Institute of America’s Sustainability Council.