AeroFarms, an indoor vertical farming company and the leading supplier of microgreens to the U.S. retail market, has refinanced its debt to support the ongoing operations at its farm in Danville, Virginia, and has raised equity financing to further support existing operations and fund pre-construction activities for its expansion to a second farm.

Equity was provided by existing investors including Grosvenor Food & AgTech (GFA), Ingka Investments, Cibus Capital, and ACEG, and others.

New AeroFarms is an indoor vertical farming company and the leading U.S. provider of microgreens, commanding over 70% of the retail market share.1 AeroFarms is at the forefront of sustainable agriculture, leveraging patented aeroponics technology, automated conveyance systems, robotics, and AI to cultivate healthy microgreens that thrive. AeroFarms uses 100% renewable energy and is climate-agnostic, growing plants year-round, regardless of geography and weather conditions. AeroFarms uses 230x less land and 90% less water than traditional field farming. As a Certified B Corporation, AeroFarms is dedicated to meeting rigorous standards of social and environmental performance.