80 Acres Farms Raises $90M in Series C
80 Acres Farms has successfully raised $90M in a Series C at a $400M valuation led by Virgo Investment Group, Creadev.
Company Overview
80 Acres Farms is a AgTech company headquartered in Hamilton, OH, founded in 2015 with 200+ employees.
Indoor vertical farming
Fundraising Details
- Amount Raised: $90M
- Round Type: Series C
- Valuation: $400M
- Date: 2021-05-18
- Investors: Virgo Investment Group, Creadev
About 80 Acres Farms
Indoor vertical farming The company is positioned in the AgTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Hamilton, OH
- Founded: 2015
- Team Size: 200+
- Industry: AgTech
What This Means
This funding round demonstrates strong investor confidence in 80 Acres Farms's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AgTech sector continues to attract significant investment as companies innovate to meet evolving market demands. 80 Acres Farms's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $400M valuation marks an important milestone for 80 Acres Farms, positioning the company among notable players in the AgTech industry.
Looking Ahead
With this new capital, 80 Acres Farms is well-positioned to execute on its growth strategy and continue building innovative solutions in the AgTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-05-18. For more information about 80 Acres Farms, visit their headquarters at Hamilton, OH.
