AeroFarms® Raises Equity to Fund Pre-Construction Activities for Second Farm; Refinances Debt to Support Ongoing Operations in Danville, Virginia - CleanTechnica

AeroFarms, a leading U.S. indoor vertical farming company specializing in microgreens, has raised equity funding from existing investors—including Grosvenor Food & AgTech, Ingka Investments, Cibus Capital, and ACEG—to support pre-construction activities for a second farm and ongoing operations at its Danville, Virginia facility. The company aims to expand its sustainable, profitable vertical farming model that uses patented aeroponics technology, robotics, AI, and 100% renewable energy to produce nutritious greens year-round while using significantly less land and water than traditional farming. AeroFarms currently commands over 70% of the U.S. retail microgreens market. In addition to equity financing, AeroFarms refinanced its debt with an asset-based loan from Siguler Guff, which fully paid off the previous Horizon Technology Finance facility and provided additional capital for operations. The new loan offers more favorable terms, including a lower interest rate, interest-only payments, and provisions for equipment financing. Siguler