Soli Organic Raises Nearly $125 Million To Expand National Footprint, Scale Soil-Based Indoor Production Technology
Soli Organic Raises Nearly $125 Million To Expand National Footprint, Scale Soil-Based Indoor Production Technology
10/12/22, 9:05 AM
Location
harrisonburg
Money raised
$125 million
Industry
food and beverage
retail
agriculture and farming
Soli Organic Inc. ("the Company"), the nation's only soil-based, indoor farming company delivering 100% USDA certified organic produce, has announced the close of a Series D funding round totaling nearly $125 million. The round was led by global investment group CDPQ, with leading European investment firm Movendo Capital, B.V. also joining the round, along with follow-on investment from existing investors S2G Ventures, Cascade Asset Management Company and XPV Water Partners
Company Info
Location
harrisonburg, virginia, united states
Additional Info
Soli Organic™ – a new name for a new vision of the future for Shenandoah Growers.
At Soli Organic, we believe that fresh, organic produce should be for everyone. That’s why we’re committed to growing exceptional produce at an affordable price. We grow our fresh herbs and leafy greens in our proprietary soil-based, certified organic biofarms, where we create the ideal indoor growing environment for our plants to thrive.
We are the only controlled-environment producer built on a soil-based technology and growing in soil supports our consistent delivery of superior flavor, freshness and nutrition in all our products. Our new name also represents our belief in soil-based methods – Soli is derived from the Latin word for "soil.”
Today, Soli Organic has 12 operating facilities, 7 growing facilities, and serves over 20,000 retail locations. And we’re only growing from here.