# Eden Works

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eden-works

- Industry: Agribusiness
- Headquarters: Brooklyn, US
- Website: www.eatupwardfarms.com
- Total disclosed funding: $137M
- Latest round: Series B (Mar 23, 2021)
- Investors on record: 2

## About

Eden Works, Inc. is a US-based indoor farming company specializing in sustainable agriculture solutions through innovative growing systems that enhance food production efficiency and minimize environmental impact.Founded in 2013 and headquartered in Brooklyn, US, Eden Works, Inc. develops advanced indoor farming technologies. The founders, Ben Silverman and Matthew LaRosa, have previously engaged in various entrepreneurial ventures. The company has raised a total amount of USD 121.67 mn, with its most recent funding round being a Series B round on March 23, 2021, led by Prime Movers Lab and supported by investors such as Flux Capital.Eden Works, Inc. offers a range of products centered around indoor farming systems that utilize hydroponic technology to grow fresh produce efficiently. Their solutions are designed to support local food production, reduce the carbon footprint of food transportation, and provide year-round access to vegetables and herbs. The company’s systems are tailored for various scales of production, catering to both commercial enterprises and local markets.Eden Works, Inc. generates revenue through its innovative farming systems and associated services, which are structured around direct contracts with food distributors and retail outlets. Their business model includes providing equipment, ongoing support, and maintenance services, which contribute to a steady income stream as they expand their market reach.Following its most recent funding round in March 2021, where Eden Works, Inc. raised USD 121.67 mn to accelerate its indoor farming facilities, the company plans to enhance its product offerings and expand into new geographical markets. The funding will primarily be utilized to establish additional growing locations and optimize their technology for better yield and efficiency. Specific targets for market expansion include regions with high demand for locally sourced produce, aiming for implementation within the next two years.

## Funding rounds

- Series B, Mar 23, 2021, $122M — Prime Movers Lab, Flux Capital
- Seed, Jul 24, 2019, $15M — Prime Movers Lab

## Investors

- Prime Movers Lab (https://capitalatlas.ai/funds/prime-movers-lab) — Seed, Series B
- Flux Capital (https://capitalatlas.ai/funds/flux-capital) — Series B