Urban Greenhouse Developer Raises $29 Million in Series C

Gotham Greens, an urban greenhouse developer and grower of locally and sustainably grown produce, closed $29 million in Series C equity funding led by existing investors the Silverman Group, along with a significant new investment from Creadev, a global private equity investment firm controlled by the Mulliez family.

Since its launch in 2011, Gotham Greens has grown from a single urban rooftop greenhouse in Brooklyn to a multi-state indoor farming company and one of the largest hydroponic leafy greens producers in North America. The company grows fresh produce in technologically advanced, climate-controlled urban greenhouses in close proximity to retailers and food service providers to ensure year-round supply chain reliability, transparency, and traceability.

According to the company, it currently owns and operates four production-scale facilities in NYC and Chicago totaling 170,000 square feet and has another 500,000 square feet under development in five states. The company also announced new greenhouses in Chicago and Baltimore earlier this year.

Gotham Greens plans to use the funding to finance expansion, widen distribution, grow its team, and enhance research and development in controlled environment food production techniques, data science and machine learning.