Freight Farms
Latest round
- Series B
Last raised
- Nov 2022
Total raised
- $46M
Investors
- 10
About Freight Farms
Founded in 2013, and based in Boston, US, Freight Farms, Inc. Their technology addresses urban food security by allowing fresh produce cultivation in various settings, including educational institutions and nonprofits. Freight Farms, Inc. specializes in high-tech hydroponic farming solutions, primarily through their flagship product, the Greenery™, which is housed in shipping containers. Brad McNamara is the founder, while Rick Vanzura is the current CEO.254 Mn. Freight Farms specializes in high-tech hydroponic container farms, primarily through its flagship product, the Greenery™, which is a modular, commercial-scale farming solution built inside a shipping container. The core offering is complemented by Farmhand® software, which automates farming operations, offering features such as remote control, data analytics, crop planning, and pre-set growing recipes. Freight Farms serves a diverse clientele that includes educational institutions like Methacton High School in Pennsylvania, food banks such as Connecticut Foodshare, and various businesses in the culinary sector. The company operates across multiple geographical markets, including the United States, Canada, and several countries in Europe and Asia, catering to a wide range of end users, from first-time growers to experienced agricultural entrepreneurs. Freight Farms generates revenue primarily through the sale and leasing of its hydroponic container farms and associated software solutions. Customers engage in transactions that may include direct purchases of the Greenery™ units and subscriptions to Farmhand® software, facilitating ongoing farm management and support. The company’s pricing structure involves one-time capital expenditures for container farm units and recurring revenue from software subscriptions. Freight Farms has established partnerships with educational institutions and nonprofit organizations, enhancing its reach and impact in the community-focused sector. The revenue model supports diverse applications, from small businesses seeking sustainable farming solutions to large-scale food production efforts aimed at addressing food insecurity. The company looks to launch upcoming product updates and enhancements, although specific release dates have yet to be announced. Additionally, Freight Farms plans to expand into new geographical markets, focusing on regions that have shown increasing demand for sustainable food production solutions.
Who invested in Freight Farms
10 investors across 7 rounds
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Funding rounds
Series B
Nov 14, 2022
Amount
$18M
Investors
Series B
Feb 12, 2020
Amount
$15M
Investors
Series B
Mar 25, 2019
Amount
$2.4M
Investors
Series B
Apr 4, 2017
Amount
$5.7M
Investors
Series A
Dec 12, 2014
Amount
$3.7M
Investors
Series A
Nov 19, 2013
Amount
$1.2M
Investors
Seed
Feb 25, 2013
Amount
Undisclosed
Investors
Questions about Freight Farms
Who invested in Freight Farms?
Freight Farms has 10 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Freight Farms raised?
Freight Farms has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did Freight Farms last raise money?
Freight Farms's most recent round on record is a Series B, in Nov 2022.
What does Freight Farms do?
Founded in 2013, and based in Boston, US, Freight Farms, Inc.
Where is Freight Farms headquartered?
Freight Farms is headquartered in Boston, US.
Which VCs invest in companies like Freight Farms?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back agribusiness companies at Freight Farms's stage. Their profiles are linked below.
VCs backing agribusiness startups at Series B
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