Jan 18, 2019

80 Acres Farms Raises $40m to Complete ‘First Fully Automated Vertical Farm’

Posted by in categories: food, robotics/AI, sustainability

I wonder how many people it will feed.

80 Acres Farms, an Ohio-based vertical farming startup, has raised private equity funding from Virgo Investment Group, a private equity firm from San Francisco for the construction of what it says will be the first fully automated indoor farm.

AgFudnerNews can reveal that the deal was worth more than $40 million in equity capital, according to sources close to the deal.

The funding will go towards the completion of 80 Acres’ Hamilton, Ohio facility, which was announced last year and is set to be partially operational in the next few months.

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