Aeroponic urban farming company
Be an early applicant
Aeroponic urban farming company
101-200 employees
Be an early applicant
101-200 employees
To grow the best plants possible for the betterment of humanity.
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, emerged from a business restructuring and refocusing with a new CEO, returning the company to the pursuit of growth with new financing options thereafter.
Kirsty
Company Specialist at Welcome to the Jungle
22% employee growth in 12 months
Sep 2023
$70.8m
LATE VC
Jul 2019
$100m
SERIES E
Molly Montgomery
(CEO)Also a Member of the Unicorn and Innovator Community at World Economic Forum, is a Venture partner at Grosvenor and Board Member at NatureSweet.
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