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aerofarms.com

Founded Year

2002

Stage

Loan | Alive

Total Raised

$170.86M

Last Raised

$1.5M | 2 yrs ago

About AeroFarms

AeroFarms provides aeroponic growing technology and LED lighting systems that grow produce without soil and without sun, all year round and in any location. AeroFarms' modular, vertically stackable systems are designed for locating in old or vacant urban buildings, enabling local production of pesticide-free, fresh, clean greens. AeroFarms' systems transform food production into a more sustainable, efficient, and safe process by enabling profitable, commercial-scale vertical farming in urban centers.

AeroFarms Headquarters Location

212 Rome Street

Newark, New Jersey, 07105,

United States

973-242-2495

ESPs containing AeroFarms

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Food & Grocery Tech

This market contains companies developing farming solutions that use technology to enable farming in non-traditional spaces. This includes indoor, vertical, urban, and hydroponic farming.

AeroFarms named as Leader among 11 other companies, including InFarm, Square Roots, and Plenty.

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Research containing AeroFarms

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CB Insights Intelligence Analysts have mentioned AeroFarms in 1 CB Insights research brief, most recently on May 20, 2021.

Expert Collections containing AeroFarms

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

AeroFarms is included in 1 Expert Collection, including Agriculture Technology (Agtech).

A

Agriculture Technology (Agtech)

1,974 items

Companies that are using technology to make farms more efficient.

Latest AeroFarms News

Plenty to invest $300M in indoor vertical farm campus

Sep 14, 2022

Published Sept. 14, 2022 Dive Brief: Plenty plans to invest $300 million during the next six years to build what it describes as the largest indoor vertical farm campus in the world. The complex, to be constructed on 120 acres of land near Richmond, Virginia, would feature several large-scale vertical farms capable of producing more than 20 million pounds of strawberries, leafy greens, tomatoes and other crops per year, according to a press release . The first vertical farm will grow strawberries for Plenty partner Driscoll’s and have the ability to produce more than 4 million pounds annually. The first crop should be available to retailers in the Northeast in winter 2023-2024, Plenty said. The Plenty vertical farm campus is being planned at a time when other controlled environment agriculture (CEA) players are also announcing massive funding rounds and new facilities of their own. Dive Insight: Plenty and Driscoll’s first announced plans in March to build a vertical farm for growing the berry giant’s strawberries , targeting dense, urban markets in the Northeast. Today’s announcement shows Plenty’s ambitions go way beyond berries. “Through more than a decade of investment in research and development Plenty has cracked the code on a scalable platform that makes indoor farming increasingly economical,” said Arama Kukutai, CEO of California-based Plenty, in a statement. “Channeling that into the largest vertical farm complex in the world propels us to the level indoor farming has to operate at to truly transform our food system.” After berries, the Virginia campus would add vertical farms to grow produce such as leafy greens using Plenty’s platform. The technology is designed to perfect the flavor, texture and size of produce by tailoring nutrients, water and light to each plant’s needs. Plenty said it uses a fraction of the water while producing more than 350 times the yield per acre than conventional farms. During the next six years, the Plenty campus will create more than 300 jobs, according to the indoor farming company. The Plenty news adds to a week full of developments in the CEA space, with Virginia as an epicenter. On Monday, Gotham Greens announced it raised $310 million in its largest funding round to date and made its first acquisition: FresH2O Growers Inc., a Stevensburg, Virginia-based producer of leafy green salad products. And on Tuesday,  AeroFarms opened the doors on what it described as the “world’s largest aeroponic smart farm” in Danville, Virginia. The farm is capable of growing more than 3 million pounds of leafy greens annually, and supplying more than 50 million people within a day’s drive, AeroFarms said. Recommended Reading

AeroFarms Web Traffic

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AeroFarms Rank

  • When was AeroFarms founded?

    AeroFarms was founded in 2002.

  • Where is AeroFarms's headquarters?

    AeroFarms's headquarters is located at 212 Rome Street, Newark.

  • What is AeroFarms's latest funding round?

    AeroFarms's latest funding round is Loan.

  • How much did AeroFarms raise?

    AeroFarms raised a total of $170.86M.

  • Who are the investors of AeroFarms?

    Investors of AeroFarms include Paycheck Protection Program, Abu Dhabi Investment Office, GSR Ventures, Grosvenor Food & AgTech, MissionPoint Partners and 15 more.

  • Who are AeroFarms's competitors?

    Competitors of AeroFarms include Gotham Greens, IGS, Soli Organic, Crop One, Agricool, Square Roots, Bowery Farming, Plenty, InFarm, Dream Harvest Farming Company and 13 more.

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Plenty operates an indoor vertical farm to offer local produce without the use of pesticides, GMOs, or long distance travel.

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Gotham Greens

Gotham Greens is an agribusiness that builds and operates commercial-scale greenhouse facilities for fresh vegetable production. The firm produces greenhouse-grown vegetables and herbs which are grown using hydroponic methods in climate-controlled rooftop greenhouses in Brooklyn. The firm was founded in 2009 and is based in Brooklyn, New York.

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Bowery Farming

Bowery Farming uses robotics, LED lighting, computer vision, sensors, and data analytics to grow leafy greens with no pesticides and very little water indoors.

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FreshBox Farms

FreshBox Farms is a hydroponic farm providing fresh, hyper local, non-gmo based produce.

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Freight Farms

Freight Farms creates access to food in areas of the world where the climate cannot support traditional farming methods. The Freight Farms' system brings a high volume of fresh, quality and affordable food within reach of everyone along the food supply chain. By enabling high-yield crop production in any climate, Freight Farms offer an immediate foundation to grow a local food economy and sustainable food system.

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InFarm

InFarm is a vertical farming start-up that provides urban communities with the tools to grow fresh local produce indoors. The company combines food technology production and sustainable design to create highly efficient vertical farms in cities.

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