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Rise Gardens Raises $9M In Oversubscribed Series A Funding Round

Jul 19, 2021•over 4 years ago

Amount Raised

$9 Million

Round Type

series a

Chicago

Description

Rise Gardens, which makes indoor, smart hydroponic garden systems, today announced it has raised $9 million in an oversubscribed Series A round, led by TELUS Ventures, Canada's most active corporate venture capital fund. Current Rise Gardens investors True Ventures and Amazon Alexa Fund also participated in the round, along with new investor Listen Ventures, bringing the total amount raised to date to $13 million. The additional funds will be used to continue the company's product innovation and expansion into new markets.

Company Information

Company

Rise Gardens

Location

Chicago, Illinois, United States

About

Rise Gardens designs state-of-the-art indoor hydroponic produce gardens that make it easy for anyone to grow their own food. The system makes a complicated process productive and fun for gardeners constrained by busy schedules, short growing seasons or access to land in urban settings. The modular, WiFi-connected platform allows for expansion and enables growing of a wide variety of greens and vegetables. Founded in 2019 and based in Chicago, Rise Gardens encourages better nutrition and healthy outcomes by helping people grow their own food year-round and by partnering with schools to build nutrition education into the classroom.