Vertical farming startup Oishii announced it has tacked an additional $16 million to its previously announced Series B, bringing the total round to $150 million.
💸 Climate tech fund Resilience Reserve, co-founded by the Head of TED Chris Anderson and entrepreneur Rob Reid and Japanese venture firm Miyako Capital joined the round right before closing, alongside a slate of existing investors. 🛒 The new cash will be used to fuel the premium strawberry grower’s expansion into new markets and fund additional R&D to help “further mainstream the practice of vertical farming.” 🗣️ “We’re excited to support the Oishii team, both for the deliciousness of their existing produce and even more importantly for the extraordinary model they’re pioneering, which enables agricultural innovation at breakneck pace,” said Chris Anderson, co-founder of Resilience Reserve. ⛔ The news comes on the heels of numerous closures and bankruptcies in the vertical farming space including the shuttering of Bowery Farms earlier this month. Go Deeper: Oishii’s $134M Investment Round. |