AeroFarms operates a 138,670-square-foot vertical farm at Cane Creek Centre in Ringgold, Virginia, where it produces micro bok choy, kale, broccoli, arugula and other microgreens for chains such as Whole Foods, Harris Teeter and The Fresh Market. The company shifted its commercial production from New Jersey to this Virginia site in April 2023 and has signaled plans to build a second farm, having begun pre-construction work using recently raised equity. Despite filing for Chapter 11 bankruptcy in 2023 and experiencing the withdrawal of support from its largest investor in December 2025, AeroFarms continues to seek strategic and long-term financing solutions. As of mid-January 2026, it employs about 135 people, though 127 positions could be eliminated if the farm closes on February 27. In August 2025 the firm refinanced debt and secured equity from existing backers Grosvenor Food & AgTech, Ingka Investments and Cibus Capital, while Siguler Guff supplied an asset-based loan. The current short-term funding extends operations only through late February 2026, underscoring the company’s ongoing liquidity challenges and need for stable capital.

Total raised

$173M

Funding rounds

10

Latest round

Debt Financing

Latest activity

Jun 2023