NEW YORK – Indoor agriculture specialist Gotham Greens has raised another $87 million in new equity and debt capital, bringing its total financing to $130 million.
Gotham Greens operates one of the largest and most advanced networks of hydroponic leafy greens producing greenhouses in North America. Gotham Greens plans to use the latest funding to accelerate its mission to decentralize food production and bring more fresh foods to people across the United States through channel and geographic market expansion, increased operational capacity and new product development.
“Given increasing challenges facing centralized food supply chains, combined with rapidly shifting consumer preferences, Gotham Greens is focused on expanding its regional growing operations and distribution capabilities at one of the most critical periods for America,” said Viraj Puri, co-founder and CEO of Gotham Greens. “We’re dedicated to changing how people think, feel and interact with their food while decreasing the environmental footprint of the traditional produce supply chain.”
Gotham Greens has doubled its revenue in the past year, bringing its fresh produce and food products to retailers in more than 40 US states through its network of high-tech, climate-controlled greenhouses. The company’s expansion has driven 80% growth in retail unit sales year over year.