Vertical Harvest, a Jackson, WY-based hydroponic, vertical farming company, raised $8.35M in Series A funding.
The round was led by Nicoya AB, and Raiven Capital with participation from Björn Öste and Mike Krupka. Björn Öste; Paul Dugsin, co-founding General Partner, Raiven Capital; and Christopher Slim, CEO, Nicoya, will join the board along with Nona Yehia, CEO, Vertical Harvest; and Gingee Prince, Chief Impact Officer, Enhanced Capital.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO Nona Yehia, Vertical Harvest is a hydroponic, vertical farming company dedicated to sustainable farms and, food. Its farms are designed for accessibility and staffed via hiring practices developed for people with disabilities. The company is partnering with civic leaders and local developers to co-locate farms with affordable housing, bolster local green energy efforts, keep dollars in-community longer and reestablish people’s connection to their farmers and the fresh, flavorful, food we grow.
The farms grow 365 days a year and operate as innovative urban models for growing fresh food while delivering substantial social impact. The first of these farms is in Jackson Hole, Wyoming, while its second location will be in Westbrook, Maine, which breaks ground in Spring 2022.
FinSMEs