Fundz

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

PRIVATEJul 19, 2021

Amount Raised

$9 Million

Round Type

Series A

ChicagoAgriculture and Farming

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.

Quick answer

Rise Gardens raised $9 Million in a Series A round, dated July 19, 2021. Rise Gardens is based in Chicago, Illinois, United States.

How much did Rise Gardens raise?
Rise Gardens raised $9 Million in a Series A round on July 19, 2021.
What does Rise Gardens do?
The Company Rise Gardens builds elegant home hydroponic gardening systems that make a complicated process easy, productive and fun.
Where is Rise Gardens based and how big is it?
Rise Gardens is based in Chicago, Illinois, United States.
Who are the decision-makers at Rise Gardens?
Fundz holds 1 contact at Rise Gardens. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming around the same time

Companies in the same sectors as Rise Gardens that raised within 45 days of this round, from Fundz verified event records.

  • Plantible Foods Inc. raised $22M (Funding Round) on September 2, 2021.
  • VRTKL, INC. raised $2M (Seed) on September 1, 2021.
  • Veritas Farms, Inc. raised $75K (Seed) on August 31, 2021.
  • Plantible Foods Inc. raised $27M on August 31, 2021.
  • Harpe Bio raised $1.1M (Seed) on August 30, 2021.
  • Taylor Farms raised $8.9M on August 26, 2021.

Who to call at Rise Gardens, and when

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Company Information

Company

Rise Gardens

Location

4515 N. RAVENSWOOD AVENUE

Chicago, Illinois, United States

About

The Company Rise Gardens builds elegant home hydroponic gardening systems that make a complicated process easy, productive and fun. The movements toward sustainable and hyper-local food have created hundreds of millions of potential consumers globally who care passionately about the provenance and nutritional value of their food. We intend to serve them with an excellent product and unparalleled service. Our system is the most advanced consumer product on the market. It adapts commercial-grade hydroponic technology for consumer use. The Rise Garden ecosystem includes a manufactured appliance, an application that interfaces with the appliance, and a service that supplies customers with all the supplies to keep their system continuously productive. The system allows for modularity to grow a little or a lot of food at home in a beautiful package at an affordable price. We are launching in the summer of 2019. We are a growth-stage company with an experienced technology entrepreneur and deep financial backing. The CEO, Hank Adams, built his career in technology with three previous successful tech businesses under his belt. Rise Gardens'​ mission is to connect people to the food they eat, to help them to grow more of their own food and to inspire them to be conscientious food consumers. We are looking for exceptional personnel as we prepare to revolutionize the concept of farm-to-table food.

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Related People

1 contact
Verified contacts1 person is listed at Rise Gardens. We don't have their email yet.See plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Rise Gardens raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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