AeroFarms® Raises Equity to Fund Pre-Construction Activities for Second Farm; Refinances Debt to Support Ongoing Operations in Danville, Virginia
Summary
AeroFarms raised equity financing and refinanced debt to support its Danville vertical farm and prepare for a second farm. Existing investors, including Grosvenor Food & AgTech, Ingka Investments, Cibus Capital, and ACEG, backed the company. Siguler Guff provided an asset-based loan that paid off prior debt and added working capital for ongoing operations. The company says the new financing will help bridge it to a permanent USDA-guaranteed loan expected later this year.
Funding
Amount
-
Total raised
Date
August 5, 2025
Announcement date
Investors
INGKA Group, Siguler Guff, Grosvenor Group, Wheatsheaf Investments, Horizon Technology Finance
Lead investors
Company
http://www.aerofarms.com
Funded company
Classifications
industries
AgriTech
applications
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AskAI Classifications
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