80 Acres Farms Funding, Investors & Competitors

80 Acres Farms has raised $390M across 6 funding rounds, most recently a $115M undisclosed-stage round in February 2025.

Last 80 Acres Farms funding round

$115M

Undisclosed stage · Feb 2025

Cumulative funding 80 Acres Farms raised

$390M

across 6 funding rounds

Key investors in 80 Acres Farms

  • Virgo Investment Group
  • General Atlantic
  • Barclays
  • Siemens
  • Blue Earth Capital
  • FTX Ventures
  • Barclays Ventures
  • Beyond Net Zero

80 Acres Farms Overview

About 80 Acres Farms

80 Acres Farms is a Hamilton, Ohio-headquartered indoor vertical farming company founded in 2015 that grows leafy greens, herbs, and tomatoes year-round using LED lighting and hydroponics. The firm operates 12-acre equivalent facilities in Ohio, Kentucky, and Texas, supplying Walmart, Kroger, and Whole Foods with pesticide-free produce delivered within hours of harvest. 80 Acres Farms expands through warehouse conversions, emphasizing water savings of 95% over traditional agriculture.


Founded

2015

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

80 Acres Farms Funding History

80 Acres Farms has raised a total of $390M across 6 funding rounds.

80 Acres Farms' first fundraising round was a $10M seed round in June 2016. The most recent completed round was a $115M undisclosed-stage round in February 2025.

80 Acres Farms funding rounds

80 Acres Farms funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2025Undisclosed stageVirgo Investment Group; Barclays Ventures; General Atlantic; Siemens; Blue Earth Capital; Western & Southern Financial Group$115M80 Acres Farms, founded in 2015 and headquartered in Hamilton, Ohio, is a vertical farming company that uses controlled environment agriculture (CEA) technology and plant genetics to produce sustainable food including salads, herbs, and tomatoes. The company operates its own subsidiary, Infinite Acres, which has developed proprietary systems combining advanced lighting technology, airflow controls, water management, and data analytics alongside robotics for automated seeding, transplanting, and harvesting. In February 2025, 80 Acres Farms announced a $115 million capital raise supported by a combination of new and existing investors including General Atlantic, Siemens Financial Services, The Western and Southern Life Insurance Company, Barclays Climate Ventures, Virgo Investment Group, and Blue Earth Capital. This 2024 funding round followed the company's much larger $160 million Series B announced in August 2021. The company's total capital raised now exceeds $370-$400 million according to various sources. While 80 Acres Farms has declined to disclose its current post-money valuation, CEO Mike Zelkind has previously alluded to potential decacorn status (valuation exceeding $10 billion). The fresh capital is earmarked for enhancing the company's technological capabilities, expanding its retail footprint, developing an ingredients channel, and completing a farm expansion in Kentucky. 80 Acres Farms products are distributed through over 1,500 retailers and restaurants including Kroger, Harris Teeter, Whole Foods, Fresh Market, Fresh Thyme, Meijer, and Dorothy Lane Markets. The company has reported a 60% compound annual growth rate (CAGR) over the past three years. As part of its strategic growth, 80 Acres Farms announced the acquisition of Plantae Bioscience, an Israeli biotechnology company specializing in plant genetics and breeding technology. Earlier in 2024, the company also acquired Mother Raw, a premium salad dressing business from Reunion Foods Inc., and launched a pioneering vertical farming Field Lab in The Hague in collaboration with Siemens and SICK Sensors.
Jan 2022Undisclosed stageFTX Ventures (lead)$25M-
Aug 2021Series BGeneral Atlantic (lead); Beyond Net Zero; eGateway Capital; Barclays; Siemens; Taurus Capital; Blue Earth Capital$160M80 Acres Farms is a vertical farming producer based in Cincinnati that grows a diverse portfolio of high-quality produce including leafy greens, herbs, tomatoes, cucumbers, and microgreens through controlled environment agriculture. The company operates eight farms and distributes products to approximately 600 retail and foodservice locations across the United States. In August 2021, 80 Acres Farms secured a $160 million Series B funding round led by growth equity firm General Atlantic, with participation from Siemens Financial Services, Barclays, Blue Earth Capital, Taurus Investment Holdings, and General Atlantic's BeyondNetZero impact team. The company announced this round would bring its total funding to date to more than $250 million, making it the largest total raise ever announced by a Greater Cincinnati-based startup. CEO Mike Zelkind stated the capital would be used for continued expansion and product development, building on the company's current footprint and supporting its decentralized approach to locating farms near customer populations. While specific financial metrics were not disclosed, the company claimed 450% revenue growth since the end of the prior year and positioned itself as offering the widest variety of commercially grown produce in the vertical farming industry. The round reflected investor confidence in controlled environment agriculture and 80 Acres Farms' strategic partnerships, including its joint venture Infinite Acres with e-grocer Ocado and tech provider Priva, which was formed in 2019 to enable other growers to enter the tech-enabled indoor farming space.
Nov 2020Series AVirgo Investment Group; Barclays; QuietStar Capital$40M80 Acres Farms is an Ohio-based vertical farming company founded in 2015, specializing in indoor farms that grow leafy greens, tomatoes, microgreens, and herbs using automation, AI, robotics, and data analytics without pesticides or dirt, serving grocers, retailers, restaurants, and food service. The company operates facilities in Ohio, Arkansas, North Carolina, and Alabama, with plans to expand crops to grapes and strawberries. In late 2020, it raised more than $40 million in equity capital primarily from Virgo Investment Group to complete its flagship fully automated Hamilton, Ohio facility, set for partial operation soon after, featuring end-to-end automation from seeding to harvesting. Sources close to the deal highlighted the company's food safety focus, sectioned facility design to prevent pest spread, strong unit economics, and team experience from major food businesses like Del Monte as key attractions for investors. Virgo evaluated other indoor farming companies before investing. No exact match for Barclays Corporate Banking and QuietStar Capital in this round, though later rounds involved Barclays entities. The company has since raised additional significant funding, including $160M in 2021 and $115M in 2025 with Virgo and others, totaling over $370M, acquired Plantae Biosciences, and opened a $95M Kentucky facility in 2023 producing 10 million servings annually across operations.
Jan 2019Undisclosed stageVirgo Investment Group (lead)$40M80 Acres Farms, founded in 2015 by food industry executives Mike Zelkind and Tisha Livingston, is a pioneer in indoor vertical farming, using proprietary technologies like modular grow zones, customized LED lighting, precise climate controls, and AI-powered systems to produce pesticide-free fruits and vegetables with extended shelf life and high food safety standards. The company announced a significant financing round led by Virgo Investment Group on January 15, 2019, with terms not disclosed, to accelerate growth in the indoor vertical farming industry. Virgo, a San Francisco-based private equity firm focused on disruptive industries, has invested over $1.1 billion across 52 deals and joined existing food industry investors to support commercialization of 80 Acres' technology developed over three years. The investment enabled completion of a fully automated indoor farm in Hamilton, Ohio—the first in North America from seeding to harvesting—expected operational in early 2019, featuring robotics, AI, data analytics, and sensors to optimize production, reduce costs, and improve yields. This facility produces microgreens, herbs, leafy greens, kale, and tomatoes, supplying retailers like Jungle Jim’s, Whole Foods, and U.S. Foods, with sales to groceries and restaurants ongoing since 2017. The U.S. produce market exceeds $100 billion, with vertical farming growing at 23.6% CAGR to $6.4 billion, using 70% more crop yield and 90% less water than traditional methods; consumer demand for local produce is high, with shoppers 60% more likely to buy it. Later developments include Infinite Acres, a joint venture with Ocado Group and Priva Holding for global turnkey indoor farms, starting in China, with over $10 million in forecasted revenues that year. 80 Acres expanded in Hamilton with $39 million committed, moved headquarters there, and retained Virgo involvement in subsequent rounds like a 2025 Series B ($115M at $600M valuation led by Barclays with Virgo). Total funding reached $200.1M-$343.5M over multiple rounds by 2025.
Jun 2016Seed-$10M-

Who has invested in 80 Acres Farms?

12 investors have backed 80 Acres Farms across its funding rounds, including Virgo Investment Group, General Atlantic, Barclays, Siemens, Blue Earth Capital and FTX Ventures.

Lead investors include FTX Ventures, General Atlantic and Virgo Investment Group.


80 Acres Farms Investors

Investors in 80 Acres Farms by funding rounds participated
InvestorHQRoundsRoleFirst check
Virgo Investment GroupUnited StatesSan Francisco, CA3LeadJan 2019
General AtlanticUnited StatesNew York City, NY2LeadAug 2021
BarclaysUnited KingdomLondon2ParticipantNov 2020
SiemensGermanyMunich2ParticipantAug 2021
Blue Earth CapitalSwitzerlandBaar2ParticipantAug 2021
Beyond Net ZeroUnited StatesNew York City, NY1ParticipantAug 2021
eGateway CapitalUnited StatesCincinnati, KY1ParticipantAug 2021
FTX VenturesUnited StatesSanta Barbara, CA1LeadJan 2022
Barclays VenturesUnited KingdomLondon1ParticipantFeb 2025
Taurus CapitalColombiaMedellín1ParticipantAug 2021

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Acquisitions by 80 Acres Farms

80 Acres Farms has acquired 1 company to date.

Last acquisition by 80 Acres Farms was on February 10th 2025. 80 Acres Farms acquired Plantae by Huminn for undisclosed valuation.


Latest Acquisitions by 80 Acres Farms

Plantae by Huminn
Description
Plantae by Huminn is a biotech firm leveraging a proprietary platform that merges genome editing, computational protein design, and plant metabolomics for crop enhancement. The Iceland-headquartered company applies this interdisciplinary tech to engineer high-performance plants.
HQ CountryIsrael
HQ City
Rehovot
Deal Date10 Feb 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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80 Acres Farms Competitors

80 Acres Farms competitors include listed companies like Corteva, BASF, Archer-Daniels-Midland and Nutrien, and private ones like Meicai and Farmers Business Network.

Public and private companies comparable to 80 Acres Farms
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CortevaUnited StatesUnited StatesPublicly listed$17B$2.9B$54B3.2x
BASFGermanyGermanyPublicly listed$69B$8.2B$52B1.0x
Archer-Daniels-MidlandUnited StatesUnited StatesPublicly listed$80B$2.9B$42B0.6x
NutrienCanadaCanadaPublicly listed$27B$6.1B$38B1.8x
MeicaiChinaBeijingPrivate--$7B-
Farmers Business NetworkUnited StatesSan Francisco, CAPrivate--$4B-

80 Acres Farms Public Comps

80 Acres Farms is still privately-owned, but its public comps include Corteva, BASF, Archer-Daniels-Midland, Nutrien, Muyuan Foods, Novonesis, Bunge, CF Industries, Qinghai Salt Lake Industry and Wilmar International.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Corteva$17B$2.9B3.3x3.2x19.5x13.9x
BASF$69B$8.2B1.1x1.0x8.9x8.6x
Archer-Daniels-Midland$80B$2.9B0.6x0.6x17.4x11.2x
Nutrien$27B$6.1B1.9x1.8x8.2x8.0x
Muyuan Foods$21B$5B2.0x2.3x8.7x16.1x
Novonesis$4.8B$1.6B7.1x6.7x21.7x17.9x
Bunge$70B$2.3B0.6x0.5x17.9x11.2x
CF Industries$7.1B$3.2B3.5x3.1x7.7x6.8x

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Common questions about 80 Acres Farms

When was 80 Acres Farms founded?80 Acres Farms was founded in 2015.
Where is 80 Acres Farms headquartered?80 Acres Farms is headquartered in United States.
Is 80 Acres Farms publicly listed?No, 80 Acres Farms is a private, VC-backed company.
How much funding has 80 Acres Farms raised?80 Acres Farms has raised $390M across 6 funding rounds.
What was 80 Acres Farms' last funding round?80 Acres Farms' last funding round was a $115M undisclosed-stage round in February 2025.
Who are 80 Acres Farms' investors?80 Acres Farms' investors include Virgo Investment Group, General Atlantic, Barclays, Siemens, Blue Earth Capital, Beyond Net Zero, eGateway Capital, FTX Ventures, Barclays Ventures, Taurus Capital and 2 others.
Which companies are comparable to 80 Acres Farms?Companies comparable to 80 Acres Farms include Corteva, BASF, Archer-Daniels-Midland, Nutrien, Meicai and Farmers Business Network.
How many companies has 80 Acres Farms acquired?80 Acres Farms has acquired 1 company, including Plantae by Huminn.

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