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Gotham Greens Raises $310 Million In Fresh Funding To Accelerate National Greenhouse Expansion

Sep 12, 2022•almost 3 years ago

Amount Raised

$310 Million

BrooklynAgriculture and Farming

Description

Gotham Greens, a Certified B CorporationTM and New York-based indoor farming pioneer that operates one of the largest networks of high-tech hydroponic greenhouses in North America, has raised more than $310 million in new capital, bringing the fast-growing company’s total financing to $440 million since its founding in 2009. The latest fundraising round, the company’s largest to date, includes equity and debt funding led by new investors BMO Impact Investment Fund (IIF), a sustainability-focused investment fund of the Bank of Montreal (BMO) (NYSE: BMO), and Ares Management funds (Ares). The Series E round was joined by additional new investors, including Commonfund, RockCreek and Kimco Realty Corporation (NYSE: KIM), along with key existing investors, including Manna Tree Partners and The Silverman Group.

Company Information

Company

Gotham Greens

Location

Brooklyn, New York, United States

About

Gotham Greens is on a mission to transform the way we approach our food system, putting people and the planet at the forefront. Our sustainable growing practices and high-quality standards let us grow vibrant greens we’re proud to serve year-round. Local greenhouses and natural growing methods give plants everything they need and nothing they don’t for a fresh, just-picked taste. Through our national network of high-tech farms, Gotham Greens delivers fresh, long-lasting and delicious leafy greens, herbs, salad dressings, sauces and dips all year round to retail, restaurant and foodservice customers. Founded by Viraj Puri and Eric Haley in 2009, Gotham Greens operates the largest national network of greenhouses totaling 600,000 square feet across nine facilities in New York City, Chicago, Providence, R.I., Denver, Baltimore, and Northern California.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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