# AeroFarms

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aerofarms

- Industry: Agribusiness
- Headquarters: US
- Website: www.aerofarms.com
- Total disclosed funding: $196M
- Latest round: Series E (Jul 8, 2019)
- Investors on record: 12

## About

Founded in 2004 and based in Virginia, US, AeroFarms Inc. operates as an AgTech company that develops and provides aeroponic technology to grow plants indoors. The company was co-founded by David Rosenberg, Ed Harwood, and Marc Oshima. As of 2025, Molly Montgomery is leading the firm as acting CEO. In August 2025, AeroFarms raised an undisclosed amount of venture funding co-led by returning investors Grosvenor Estate, Ingka Investments, Cibus Capital and ACEG Beteiligungsgesellschaft. Other unspecified investors also participated in the round. The company provides indoor vertical farming, artificial intelligence, and plant biology to fix the food system and develop the way food is grown. Its team of researchers, biologists, engineers, and nutritionists work together to innovate farming services by operating indoor vertical farms to grow plants using aeroponic growing systems. In comparison to traditional agriculture, AeroFarms' technology allows for a 390-fold increase in productivity per square foot while utilizing 95 percent less water and eliminating the need for pesticides. The company plans to use the August 2025 funding to support pre-construction activities for a new farm in Danville, expand its market reach and products.

## Funding rounds

- Series E, Jul 8, 2019, $100M — ADM Capital, GSR Ventures, MissionPoint Partners, AllianceBernstein, Wheatsheaf Investments, Ingka Investments
- Series D, May 3, 2017, $40M — ADM Capital, GSR Ventures, AllianceBernstein, Wheatsheaf Investments, Ikea Group, Meraas Holdings LLC
- Series C, May 3, 2017, $35M — NVP Capital
- Series B, Dec 10, 2015, $20M — GSR Ventures, MissionPoint Partners, Wheatsheaf Investments, Middleland Capital
- Seed, Feb 8, 2010, $0.5M — 21Ventures, The Quercus Trust

## Investors

- 21Ventures (https://capitalatlas.ai/funds/21ventures) — Seed
- The Quercus Trust — Seed
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series B, Series D, Series E
- MissionPoint Partners (https://capitalatlas.ai/funds/missionpoint-partners) — Series B, Series E
- Wheatsheaf Investments — Series B, Series D, Series E
- Middleland Capital — Series B
- ADM Capital — Series D, Series E
- AllianceBernstein (https://capitalatlas.ai/funds/alliancebernstein) — Series D, Series E
- Ikea Group — Series D
- Meraas Holdings LLC — Series D
- NVP Capital — Series C
- Ingka Investments — Series E