Siemens Financial Services contributed to a round that will help the indoor farm operator expand its footprint and fund product development.
US-based vertical farm operator 80 Acres Farms raised $160m in series B funding yesterday from investors including Siemens Financial Services, a subsidiary of industrial equipment and appliance maker Siemens.
Growth equity firm General Atlantic led the round, which included its own Beyond Net Zero unit as well as financial services firm Barclays, Blue Earth Capital and Taurus.
Founded in 2015, 80 Acres now operates eight indoor farms in which it grows products such as tomatoes, cucumbers, rocket, broccoli, basil, lettuce,…
