About AeroFarms
AeroFarms is a company based in New York (United States) founded in 2004 was acquired by Palm Ventures in June 2026. AeroFarms has raised $243.64 million across 10 funding rounds from investors including IKEA, AllianceBernstein and Ingka. The company has 567 employees as of April 10, 2024. AeroFarms offers products and services including Microgreens and FlavorSpectrum™. AeroFarms operates in a competitive market with competitors including Living Greens, JWC, LUV Produce, Airponix and Krispr Farms, among others.
- Headquarter New York, United States
- Employees 567 as on 10 Apr, 2024
- Stage Minicorn
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Sectors
Agriculture
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Phone
Locked
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Website
Locked
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Social
Locked
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$19.6 M (USD)-5.2as on Mar 31, 2023
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Net Profit
$2.85 M (USD)4.92as on Mar 31, 2023
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EBITDA
$3.54 M (USD)-12.75as on Mar 31, 2023
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Total Equity Funding
$243.64 M (USD)
in 10 rounds
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Latest Funding Round
Not available
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Investors
IKEA
& 17 more
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Employee Count
567
as on Apr 10, 2024
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Acquired by
Palm Ventures
(Jun 11, 2026)
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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.
People of AeroFarms
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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.
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.
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Private credit, direct lending, and sustainability-focused finance services in Asia Pacific.
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Growth equity investments are made in foodtech and agritech startups.
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Investor details for AeroFarms
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Investments & Acquisitions by AeroFarms
Investment portfolio details for AeroFarms
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Financial Statements - AeroFarms
Detailed financials for AeroFarms
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Aerofarms Comparisons
Peer comparison for AeroFarms
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Competitors of AeroFarms
AeroFarms operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Living Greens, JWC, LUV Produce, Airponix and Krispr Farms, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Aeroponic systems are employed for indoor vertical farming of produce.
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Producer and supplier of cannabis products
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Fruits and vegetables are produced via aeroponic farming systems.
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Airponix is focused on sustainable agricultural technology solutions.
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Vertical aeroponic systems are operated for sustainable leafy greens production.
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Detailed competitors of AeroFarms
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Latest news on 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.
As of Apr 10, 2024, the latest employee count at AeroFarms is 567.
Annual revenue of AeroFarms is $19.6M as on Mar 31, 2023.
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 FlavorSpectrum™.
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.