# Soli Organic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/soli-organic

- Industry: Agribusiness
- Headquarters: Rockingham, US
- Website: www.shenandoahgrowers.com
- Total disclosed funding: $188M
- Latest round: Series D (Oct 12, 2022)
- Investors on record: 7

## About

Soli Organic Inc. is a US-based company specializing in the sustainable production and distribution of fresh organic herbs, focusing on flavor and safety to cater to diverse culinary needs.Soli Organic Inc. was founded in 1989 and operates from Rockingham, US. The company specializes in growing and distributing organic herbs and has completed 11 deals, with the most recent funding round occurring in October 2022. In this Series D round, the company raised USD 125.00 mn, led by CDPQ, with participation from Movendo Capital, Cascade Investment, S2G Ventures, and XPV Water Partners. The company’s CEO is Matt Ryan, while Philip Karp is one of the key founders, although specific prior ventures of the founder were not disclosed.Soli Organic specializes in producing and distributing fresh, flavorful organic herbs. Their offerings include living herbs, fresh-cut herbs, and herb bunches, all cultivated without artificial pesticides or fertilizers, ensuring maximum flavor and quality. The living herbs are aimed at consumers wanting fresh plants at home, while the fresh-cut herbs include over 30 varieties, convenient for both home chefs and culinary professionals. The company serves markets primarily in the United States through retailers and direct-to-consumer channels, catering to grocery stores, restaurants, and health-conscious consumers.Soli Organic achieves revenue through a multi-channel distribution strategy, encompassing direct-to-consumer sales alongside partnerships with retailers and wholesalers. The firm supplies its organic herb products to various grocery chains and food service establishments, maintaining steady demand. Their product offerings, including living herbs and fresh-cut varieties, are packaged for convenience and safety, aligning with the trend toward organic produce consumption.In October 2022, Soli Organic Inc. secured USD 125.00 mn in Series D funding, led by CDPQ, aimed at enhancing its technology and operational capabilities. The funds will support the construction of additional controlled environment farms. The company intends to introduce new products and expand into new geographic markets, although specific details on product launches and regions were not disclosed.

## Funding rounds

- Series D, Oct 12, 2022, $125M — Cascade Investment, XPV Water Partners, S2G Ventures, Movendo Capital, La Caisse
- Series C, Oct 7, 2021, $55M — Advantage Capital
- Series A, Aug 27, 2015, $8M — Advantage Capital, Middleland Capital, S2G Ventures

## Investors

- Advantage Capital — Series A, Series C
- Middleland Capital — Series A
- S2G Ventures (https://capitalatlas.ai/funds/s2g-ventures) — Series A, Series D
- Cascade Investment — Series D
- XPV Water Partners (https://capitalatlas.ai/funds/xpv-water-partners) — Series D
- Movendo Capital — Series D
- La Caisse (https://capitalatlas.ai/funds/la-caisse) — Series D