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Oishii raises $134m in Series B funding round

Feb 26, 2024almost 2 years ago

Amount Raised

$134 Million

Round Type

series b

Jersey CityFarming

Investors

Yaskawa Electric CorporationJapan Green Investment Corporation For Carbon NeutralityMitsubishi Shokuhin CoMizuho BankMc Win Capital PartnersBloom8Ntt

Description

Oishii has raised $134 million in a Series B funding round led by Japanese telecommunications firm NTT, with participation from a diverse group of investors with expertise in food tech, sustainable agriculture, and automation. The funding round will see Oishii expand its distribution to new markets, open a new solar-powered facility, and invest in advanced robotics and energy-saving innovations.

Company Information

Company

Oishii

Location

Jersey City, New Jersey, United States

About

At Oishii, we grow the best fruit in the world by deploying ground-breaking vertical farming technology that pushes the boundaries of agriculture. We’re the first in the world to grow fruit in an indoor vertical farm at commercial scale. We started with strawberries, which we debuted at Chef’s Table at Brooklyn Fare, the three star Michelin restaurant considered by critics to be among the best in the world. Since then, we have supplied our strawberries to food-loving consumers, world-class restaurants, and specialty retailers across NYC. Our proprietary technology, developed through years of intensive research in Japan and the US, enables us to grow the very best produce year-round, at the same high level of quality, all without using any pesticides. We have rapidly expanded our farm facilities and assembled a world-class team with backgrounds spanning vertical farming, industrial automation, farm operations, and data analysis. Oishii has been profiled in Eater, NPR, Time, and Fortune. If you’re interested in building the farm of the future with us, we look forward to hearing from you!

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech