Hydrobuilder Holdings Completes $60 Million In Private Placement Financing

Jun 28, 2021•about 4 years ago

Amount Raised

$60 Million

Palm Beach

Description

Hydrobuilder Holdings LLC (“Hydrobuilder Holdings” or “the Company”), a leading omni-channel platform of specialty agriculture and hydroponics equipment and supplies, operating in the broader CEA industry, today announced that it has completed a $60 million private placement financing, including over-allotments, bringing total capital raised since November 2020 to over $130 million, excluding seller roll-over equity. The Company intends to use substantially all of the proceeds from this offering, together with existing cash and cash equivalents, primarily for financing potential future acquisitions, general working capital and other corporate purposes. The funding accelerates the Company’s vision to be the leading omni-channel platform in hydroponics, specialty gardening and CEA.

Company Information

Company

Hydrobuilder Holdings

Location

Palm Beach, Florida, United States

About

Hydrobuilder Holdings is the second largest omni-channel platform of specialty agriculture and hydroponics equipment and supplies in the United States, serving commercial and hobbyist growers of agricultural products through its online, retail and warehouse direct channels. The Company was formed in October 2020 and since then has acquired and is integrating three companies that are each market leaders across different sales channels: GreenCoast, the nation’s second largest hydroponics retailer (acquired in December 2020); Hydrobuilder.com, a leading online retailer of hydroponics and horticultural supplies (acquired in December 2020); and Elevated, a full-service equipment and supplies provider (acquired in February 2021).

Funding Insights

Based on industry data

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