Gotham Greens raises $87 million in new funding

According to a press release, Gotham Green has raised $87 million in “new equity and debt capital.” That pushes the company’s total to $130 million.

This capital raise includes recent Series D funding led by Manna Tree, a Vail, Colorado-based private equity firm, The Silverman Group and other existing investors. Brent Drever, the co-founder and president of Manna Tree, calls Gotham Greens “fastest-growing indoor farming company in the United States today with a track- record of profitable, commercial-scale production.”

“Given increasing challenges facing centralized food supply chains, combined with rapidly shifting consumer preferences, Gotham Greens is focused on expanding its regional growing operations and distribution capabilities at one of the most critical periods for America,” said Viraj Puri, Co-Founder and CEO of Gotham Greens, according to the press release. “We’re dedicated to changing how people think, feel and interact with their food while decreasing the environmental footprint of the traditional produce supply chain.”

In the last year, Gotham Greens as opened new greenhouses in Chicago, Providence and Denver, among other locations. Per the release, the plan for the company is to open new greenhouses and develop new products with the new funding.

Gotham Greens’ retail partners include Whole Foods, Target and Albertsons Companies.