AeroFarms® Raises Fairness to Fund Pre-Development Actions for Second Farm; Refinances Debt to Help Ongoing Operations in Danville, Virginia

AeroFarms, an indoor vertical farming firm and the main provider of microgreens to the U.S. retail market, has refinanced its debt to help the continuing operations at its farm in Danville, Virginia, and has raised fairness financing to additional help present operations and fund pre-construction actions for its growth to a second farm.

“Our imaginative and prescient is to offer native meals manufacturing of nutritious microgreens to areas around the globe, whereas preserving pure sources,” stated Molly Montgomery, Government Chair and CEO of AeroFarms. “We’ve got just lately demonstrated that vertical farming can certainly be sustainable, worthwhile, and produce recent greens at scale. I want to prolong my gratitude to our monetary companions who consider in our imaginative and prescient and have supplied financing to help our operation in Danville and graduation of pre-construction actions for growth to a second farm.”

Fairness was supplied by present traders together with Grosvenor Meals & AgTech (GFA), Ingka Investments, Cibus Capital, and ACEG, and others.

“We consider AeroFarms can play a big function within the world recent meals provide chain, by offering nutritious greens at scale to native areas around the globe,” stated Stephan Dolezalek, Managing Companion of GFA. “AeroFarms has now confirmed the power to ship the transformative advantages of vertical farming by way of a viable, worthwhile enterprise. To help these efforts, GFA, together with our investing companions, dedicated funding to help present operations and allow the corporate to embark on its subsequent part of development.”

An asset-based mortgage supplied by Siguler Guff was used to completely repay the earlier debt facility from Horizon Expertise Finance, with further funds to help ongoing operations on the Danville Farm. The brand new mortgage, which closed in Could 2025, offers a extra favorable rate of interest than the earlier debt, interest-only phrases, and a carve-out for eligible tools financing.

Matthew Bernstein, Managing Director in Siguler Guff’s Credit score and Particular Conditions Technique, said, “We’re excited to associate with AeroFarms in Danville, Virginia, to assist them attain their full operational capability.” Siguler Guff joined with one of many prime USDA Assured lenders within the area to offer interim financing that may bridge the corporate till the everlasting, USDA-guaranteed mortgage is anticipated to shut later this yr by that lender.

Waterside Business Finance served because the unique USDA finance advisor to AeroFarms, leveraging its proprietary Bridge-to-USDA Program to construction the transaction. Waterside originated the chance, led the underwriting course of, coordinated the bridge mortgage, and sourced the everlasting USDA lender.

Be taught extra about AeroFarms at www.aerofarms.com.

About AeroFarms

New AeroFarms, Inc. is an indoor vertical farming firm and the main U.S. supplier of microgreens, commanding over 70% of the retail market share.¹ AeroFarms is on the forefront of sustainable agriculture, leveraging patented aeroponics know-how, automated conveyance methods, robotics, and AI to domesticate wholesome microgreens that thrive. AeroFarms makes use of 100% renewable power and is climate-agnostic, rising vegetation year-round, no matter geography and climate circumstances. AeroFarms makes use of 230x much less land and 90% much less water than conventional discipline farming. As a Licensed B Company, AeroFarms is devoted to assembly rigorous requirements of social and environmental efficiency. Be taught extra and discover AeroFarms microgreens close by at www.aerofarms.com.

About Grosvenor Meals & AgTech

Grosvenor Meals & AgTech is an energetic investor in firms which might be reshaping meals and agriculture around the globe – for the higher. We determine entrepreneurs and companies rethinking how meals is produced, distributed, and consumed, supporting their development as lead traders and extremely engaged board members. With one of many longest established funding groups within the sector, we actively handle a portfolio of over 20 firms, serving to them lead optimistic change in a manner that enhances human well being and the pure atmosphere, enabling the financial sustainability of farming and meals manufacturing. To study extra about GFA, please go to www.grosvenor.com/food-agtech.

About Siguler Guff

Siguler Guff is a multi-strategy non-public markets funding agency with roughly $17 billion of property underneath administration and 30 years of funding expertise. Siguler Guff seeks to generate sturdy, risk-adjusted returns by focusing opportunistically on market niches. Siguler Guff’s core funding methods embrace non-public credit score and particular conditions, small enterprise non-public fairness, actual property, and rising markets. Siguler Guff’s funding merchandise embrace direct funding funds, multi-manager funds and customised separate accounts focusing on particular areas of compelling alternative. Based in 1991 and headquartered in New York, Siguler Guff maintains workplaces in Boston, Hong Kong, London, Mumbai, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Houston, TX, and West Palm Seaside, FL. To study extra about Siguler Guff, please go to www.sigulerguff.com.

About Waterside Business Finance, Inc.:

Waterside is a USDA lender service supplier centered on originating and structuring USDA-backed industrial loans. By way of its Bridge-to-USDA Program and institutional partnerships, Waterside delivers versatile, non-dilutive financing for rural and impact-focused companies throughout the U.S. For extra info, go to www.watersidecf.com.

Sources

1. NielsenIQ Newest 52 Weeks W/E 3/15/25 and inside AeroFarms calculations.