About AeroFarms
AeroFarms is an Agriculture company based in New York (United States) founded in 2004, and was acquired by Palm Ventures in June 2026. It operates as a microgreens are produced using aeroponic indoor vertical farming. AeroFarms has raised $243.64 million across 10 funding rounds from investors including IKEA, AllianceBernstein and Ingka. The company has 567 employees. AeroFarms was last valued at $500 million in July 2019. Its website aerofarms.com draws about 15 thousand monthly visits. Its Indian entity Rms Risk Management Solutions India Private Limited reported revenue of ₹253 Cr. AeroFarms offers products and services including Microgreens and FlavorSpectrum™. Its focus areas include Food and Agriculture Tech, Crop Tech, Indoor Farming and Aeroponics. Its competitors include Living Greens, JWC, LUV Produce, Airponix and Krispr Farms and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
AeroFarms was founded in 2004 and is based in New York, United States. Aeroponic systems are employed in indoor vertical farms to cultivate microgreens, leafy greens, berries, and tomatoes. Expertise in genetics, engineering, food safety, and data science is integrated into operations, featuring layered growth mediums, ventilation, and LED lighting for controlled production in the agriculture sector.
- Headquarters New York, United States
- Employees 567
- Stage Minicorn
- SectorsAgriculture
- Website aerofarms.com
- Social LinkedIn X Facebook Instagram
- Acquired by Palm Ventures (Jun 2026)
- Legal Name Rms Risk Management Solutions India Private Limited
- Date of Incorporation 20 Oct, 2010
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹253 Cr
FY 2025 · +29% YoY
- Net Profit₹39.05 Cr
FY 2025 · 15% margin
- EBITDA₹61.57 Cr
FY 2025 · 24% margin
- Total Equity Funding$243.64M (USD)
in 10 rounds
- InvestorsIKEA
& 17 more
- Employee Count567
- Acquired byPalm Ventures
(Jun 2026)
Associated legal entities of AeroFarms
AeroFarms operates through Rms Risk Management Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rms Risk Management Solutions India Private Limited CIN U72900DL2010PTC209565 | Active | 20 Oct 2010 | New Delhi, Delhi | ₹253 Cr | 567 | 3 | View details |
Products & Services of AeroFarms
AeroFarms offers a comprehensive portfolio of products and services, including Microgreens and FlavorSpectrum™.
Nutrient-dense greens grown vertically for enhanced flavor and health benefits.
Variety of flavored greens for culinary applications and better nutrition.
Funding Insights of AeroFarms
AeroFarms has successfully raised a total of $243.64M across 10 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $243.64M
- Total Rounds 10
- First Round $500,000
(Feb 2010)
- Investors Count 17
All 10 funding rounds of AeroFarms with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | – | Series E | – | – | |
| May 2025 | – | Debt – Conventional | – | – | |
| Apr 2024 | $4.98M | Series E | – | – | – |
| Sep 2023 | $70.78M | Series E | – | – | – |
| Jul 2019 | $100M | Series E | $500M | Ingka | |
| Oct 2017 | $40M | Series D | – | Meraas, AllianceBernstein | |
| Sep 2017 | $1M | Grant | – | – | |
| May 2015 | $20M | Series B | – | Wheatsheaf Group | |
| Oct 2013 | $7.38M | Series A | – | – | – |
| Feb 2010 | $500,000 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2019 | $500M | •••••••• |
Last known valuation $500M (Jul 2019). 18 investors in total: 16 institutional and 2 angel.
Investors in AeroFarms
AeroFarms has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include IKEA, AllianceBernstein and Ingka.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private credit, direct lending, and sustainability-focused finance services in Asia Pacific. | – | admcapital.com | - | |
Growth equity investments are made in foodtech and agritech startups. | – | wheatsheafgroup.com | Chester, United Kingdom | |
- | – | mppgrp.com | - | |
Private debt fund focused on multiple sectors | 1967 | alliancebernstein.com | New York, United States | |
Investment funds focused on sustainable food and agriculture are managed. | – | cibusfund.com | London, United Kingdom | |
Foodtech and agtech sectors are invested in by Middleland Capital. | – | middlelandcapital.com | Washington, Dc, United States | |
- | – | thequercustrust.com | - | |
Grosvenor is engaged in property management and agtech solutions. | – | grosvenor.com | London, United Kingdom | |
Provider of capital for mission-driven businesses addressing human and planetary health | – | palmventures.com | Greenwich, United States | |
Multiple industries are managed by Ingka group from the Netherlands. | – | ingka.com | Leiden, Netherlands |
Investor details for AeroFarms
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Rms Risk Management Solutions India Private Limited (AeroFarms)
Rms Risk Management Solutions India Private Limited is the primary company behind AeroFarms. The board of Rms Risk Management Solutions India Private Limited currently have 3 directors; the longest-serving is Niladri Ganguly, appointed in 2021. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niladri Ganguly DIN 08451546 | Director | 15 Sep 2021 | 5 yrs 1 mo | Rms Risk Management Solutions India Private Limited |
| Yogesh Gupta DIN 08533883 | Director | 15 Sep 2021 | 5 yrs 1 mo | Rms Risk Management Solutions India Private Limited |
| Hitesh Jain DIN 11309467 | Additional Director | 23 Sep 2025 | 1 yr | Rms Risk Management Solutions India Private Limited |
People of AeroFarms
16 people are tracked at AeroFarms (5 in leadership, 4 in board & advisors, 7 in team); the tracked headcount is 567.
| Name | Role | Group |
|---|---|---|
Molly Montgomery | Acting CEO | Leadership |
Justin Zabilansky | Director Of Engineering Design | Leadership |
Alexander Rudnicki | Vice President Of Technology Development | Leadership |
Chris McGraw | Vice President Of Procurement | Leadership |
Anhtuan D. | Vice President Of IT & Digital Services | Leadership |
Stephan Dolezalek | Chairman Of The Board | Board & advisors |
Alastair Cooper | Director | Board & advisors |
Nikolaus Bormann | Director | Board & advisors |
Peter Lacy | Director | Board & advisors |
Victor Sanders | Autonomous Vertical Solutions Architect | Team |
Parth Patel | Senior Engineer: Controls And Scada | Team |
Bill Richardville | SVP Operatons | Team |
Dan Hudgins | Supply Chain Associate | Team |
Maria J. | Senior Manager Of End User Services | Team |
Subbiah Muthusamy | Senior Procurement Manager | Team |
Christi Mitchell | Field Controls Engineer | Team |
Complete people profiles for AeroFarms
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of AeroFarms
Figures of Rms Risk Management Solutions India Private Limited, the primary company behind AeroFarms, for FY 2025. Revenue was ₹253 Cr (+29% year on year). Net profit was ₹39.05 Cr (15% margin). EBITDA was ₹61.57 Cr (24% margin). Revenue has grown at a compounded annual rate of +14% over three years and +13% over five years.
- ₹253 CrRevenue · FY 2025 · +29% YoY
- ₹39.05 CrNet profit · 15% margin
- ₹61.57 CrEBITDA · 24% margin
- ₹85.7 LakhPaid-up capital
- 567Employees (provident fund records)
- +14%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rms Risk Management Solutions India Private Limited are on its company page.
Detailed financial statements for AeroFarms
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of AeroFarms
5 dated milestones of AeroFarms across 22 years, from founding to its latest funding, stage changes and deals.
- Founded AeroFarms is founded.
- Funding First funding round of $500K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E,.
- Exit Acquired by Palm Ventures.
Competitors of AeroFarms
AeroFarms has 9 listed competitors in our database, 6 of them funded. They include Living Greens, JWC, LUV Produce, Airponix and Krispr Farms, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| livinggreensfarm.com | 2011 | Faribault, United States | $14.33M | 69 | Aeroponic systems are employed for indoor vertical farming of produce. | |
| jwc.ca | 2008 | Kitchener, Canada | $18.49M | – | Producer and supplier of cannabis products | |
| localurbanvegetables.com | 2016 | Whittier, United States | $2M | – | Fruits and vegetables are produced via aeroponic farming systems. | |
| airponix.com | 2014 | Richmond, United Kingdom | – | 4 | Airponix is focused on sustainable agricultural technology solutions. | |
| krisprfarms.com | 2017 | Dubai, United Arab Emirates | $600,000 | – | Vertical aeroponic systems are operated for sustainable leafy greens production. | |
| optimaplanta.com | 2017 | Uppsala, Sweden | – | – | Plants and vegetables are produced via indoor aeroponic farming methods. | |
| mechanicalmoon.com | 2005 | Austin, United States | $160,000 | – | Smart aeroponic growth chambers are developed for indoor plant cultivation. | |
| harvesturbanfarms.com | 2011 | Vancouver, Canada | $3M | – | Urban farming business specializing in aeroponic techniques in Canada. | |
| bluesphereind.com | 2011 | New York, United States | – | – | Develops aeroponic farming systems for efficient and sustainable agriculture. |
Detailed competitors of AeroFarms
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of AeroFarms
The website of AeroFarms (aerofarms.com) receives about 14.9K visits a month.
- Monthly visits14.9K
▼ 11.4% vs previous month
Websites whose visitors overlap most with AeroFarms. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
darwinchambers.com | darwinchambers.com | 100% | – | #1,895,718 | – |
| agritecture.com | 100% | 58.1K | #717,344 | View details | |
aeroponics.com | aeroponics.com | 95% | – | #12,618,512 | – |
vegetablegrowersnews.com | vegetablegrowersnews.com | 93% | – | #3,469,727 | – |
| edengreen.com | 86% | 94.1K | #502,304 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for AeroFarms
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Top companies in Crop Tech & Equipment
10 companies that operate in the same segment as AeroFarms (Crop Tech & Equipment), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Cannabis products are provided to support consumer wellness and health. | 2013 | Smiths Falls, Ontario, Canada | – | USD 204.24 M | 960 | |
Provider of plant-based food ingredients | 2012 | St. Louis, Missouri, United States | USD 406.99 M | USD 470 M | – | |
Robotic equipment for automating weeding on vegetable farms is developed. | 2016 | San Francisco, California, United States | USD 139.96 M | – | 73 | |
Provider of farmers networking platform | 2014 | San Carlos, California, United States | USD 981.09 M | – | 808 | |
Manufacturer and distributor of irrigation equipment | 1963 | Jalgaon, Maharashtra, India | – | USD 679.04 M | 12,280 | |
AgroStar is engaged in providing agricultural products and solutions. | 2013 | Pune, Maharashtra, India | USD 208.82 M | USD 31.86 M | 1,249 | |
Crop protection solutions and hybrid seeds are provided for farming. | 2000 | Basel, Basel-stadt, Switzerland | – | – | – | |
SaaS-based B2B solutions for food supply chains are provided. | 2015 | Gurugram, Haryana, India | USD 51.11 M | USD 124.42 M | 373 | |
DeHaat is recognized as an online marketplace for farmers. | 2012 | Patna, Bihar, India | USD 223.57 M | USD 240.09 M | 2,011 |
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Related news about Aerofarms
Complete news archive for AeroFarms
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Frequently Asked Questions about AeroFarms
AeroFarms was founded in 2004 and raised its 1st funding round 6 years after it was founded.
AeroFarms is headquartered in New York, United States. It is registered at New York, New York, United States.
AeroFarms is a funded company, having raised a total of $243.64M across 10 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Feb 2010.
AeroFarms has 567 employees.
The primary company behind AeroFarms, Rms Risk Management Solutions India Private Limited, reported revenue of ₹253 Cr for FY 2025, up 29% year on year.
AeroFarms was founded in 2004 and is based in New York, United States. Aeroponic systems are employed in indoor vertical farms to cultivate microgreens, leafy greens, berries, and tomatoes. Expertise in genetics, engineering, food safety, and data science is integrated into operations, featuring layered growth mediums, ventilation, and LED lighting for controlled production in the agriculture sector.
AeroFarms's top competitors include JWC, Living Greens and Krispr Farms.
AeroFarms offers Microgreens and FlavorSpectrumâ„¢.
AeroFarms has 18 investors. Key investors include IKEA, AllianceBernstein, Ingka, ADM Capital, and Wheatsheaf Group.
The valuation of AeroFarms is $500M as of Jul 2019.
AeroFarms operates through Rms Risk Management Solutions India Private Limited.
Yes. AeroFarms was acquired by Palm Ventures in June 2026.