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- Oishii
Oishii Valuation, Funding & Investors
Oishii is valued at $584M as of December 2024.
Last Oishii valuation
$584M
Series B · Dec 2024
Last Oishii funding round
$153M
Series C · May 2026
Cumulative funding Oishii raised
$372M
across 5 funding rounds
Key investors in Oishii
Miyako Capital
Resilience Reserve
Asahi Kogyosha Co
Social Starts
SPARX Group
Mizuho Financial Group
About Oishii
Oishii is a Newark-headquartered vertical farming company producing premium strawberries indoors. The New Jersey-based firm supplies nutrient-dense berries to US supermarkets in packages of eight to 11 fruits priced at $50, leveraging aeroponic technology for year-round cultivation since 2017.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$584M (Dec 2024)
Sectors
Oishii Valuation
Oishii is currently valued at $584M, based on its Series B in December 2024.
The $20M round was led by Resilience Reserve, with participation from Miyako Capital, Daiwa House Industry and Inspire.
Oishii valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2024 | Series B | $584M |
Oishii Funding History
Oishii has raised a total of $372M across 5 funding rounds.
Oishii's first fundraising round was a $50M Series A in March 2021. The most recent completed round was a $153M Series C in May 2026.
Oishii funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series C | SPARX Group (lead); Asahi Kogyosha Co; MISUMI Group; Nomura Real Estate Development; Mizuho Americas | $153M | - | - |
| Dec 2025 | Undisclosed stage | Asahi Kogyosha Co (lead) | - | - | Oishii Farm Corporation entered a capital and business alliance with Asahi Kogyosha Co., Ltd., expecting to receive funding on December 18, 2025. The transaction involved issuing 5,711,771 shares of Series C-1 Preferred Stock at $23.6354 per share. Asahi Kogyosha participated as a new investor in this round. Oishii has raised funding from multiple investors including Bloom8, Daiwa House Ventures, and others in prior rounds. |
| Dec 2024 | Series B | Resilience Reserve (lead); Miyako Capital; Daiwa House Industry; Inspire | $20M | $584M | Oishii is a vertical farming company specializing in pesticide-free, non-GMO strawberries and berries grown in controlled indoor environments, emphasizing superior taste and sustainability with reduced water usage. The company, based in Jersey City, New Jersey, closed its Series B funding round at $150 million after starting at $134 million in February 2024, with additional $16 million raised due to strong investor interest. New investors Resilience Reserve (co-founded by TED's Chris Anderson and Rob Reid) and Miyako Capital joined late, alongside existing backers like NTT (initial lead), Bloom8, McWin Capital Partners, Mizuho Bank, Japan Green Investment Corporation for Carbon Neutrality (JICN), Yaskawa Electric Corporation, and others including Daiwa House Ventures and Inspire. The funds support Oishii's expansion into new U.S. markets like Chicago (recent Whole Foods debut), Harris Teeter in D.C., Maryland, Virginia, and Wakefern in the Tri-State area, plus its first international facility, an Open Innovation Center in Tokyo for vertical farming R&D. This comes amid industry challenges, with closures like Bowery, yet Oishii prioritizes taste, profitability, and innovation over rapid scaling. Oishii's model accelerates agricultural innovation, producing always-in-season luxury produce for retailers. CEO Hiroki Koga highlighted vertical farming's role in accessible, delicious food, while investors like Resilience Reserve praised its breakneck innovation pace. |
| Feb 2024 | Series B | NTT (lead); Mitsubishi Shokuhin; Miyako Capital; CTBC Financial Holding; Resilience Reserve; Mizuho Financial Group; Nymph Investments Cayman Limited; McWin Partners; Bloom8; Yaskawa; Japan Green Investment Corporation for Carbon Neutrality | $150M | - | Oishii is a US-based vertical farming company specializing in premium strawberries like Omakase and Koyo berries, as well as tomatoes, grown indoors without pesticides using bees for pollination, AI-optimized environmental controls, and robotics. The company operates farms in New Jersey, including a 72,000-square-foot facility in Jersey City and a new 237,500-square-foot solar-powered smart farm in Phillipsburg opened in June 2024, with plans for expansion into Chicago and an R&D Open Innovation Center in Tokyo, Japan. Oishii's Series B funding round, initially announced at $134 million on February 27, 2024, and later closed at $150 million in November 2024, was led by NTT with participation from Bloom8, CTBC Bank (noted in query but not all sources), Japan Green Investment Corporation for Carbon Neutrality, McWin Partners (or Capital Partners), Mitsubishi Shokuhin, Miyako Capital, Mizuho Bank, NTT, Nymph Investments Cayman Limited (not mentioned), Resilience Reserve, and Yaskawa Electric Corporation. Nomura Securities provided financial advisory services. This brings total funding since 2016 to at least $189 million. Proceeds will fund a solar-powered vertical farming facility, distribution expansion beyond the Northeast US, R&D in breeding, robotics, automation, energy-saving innovations, and plant science, with new facilities in Tokyo for sustainable business growth and global market entry. Oishii emphasizes taste and quality over rapid scaling, partnering with Yaskawa for harvesting robots and maintaining Non-GMO verification. Despite industry challenges, CEO Hiroki Koga highlighted strong business performance and market demand exceeding production capacity, positioning Oishii as a leader in making vertical farming mainstream for food security and premium produce. Investors like NTT praised its strategic vision and technology for achieving previously difficult outcomes in agriculture. |
| Mar 2021 | Series A | Mirai Creation Fund (lead); Social Starts; PKSHA Technology; Sony Innovation Fund | $50M | - | Oishii is a vertical farming startup specializing in pesticide-free strawberries using Japanese production methods and proprietary pollination techniques with bees. The company operates the world’s largest vertical strawberry farm in Manhattan, producing high-end varieties like the Omakase berry sold at retailers such as Eli’s Market and used in restaurants. Founded in 2016, Oishii had raised a total of $55 million prior to this round, including the $50 million Series A announced around March 11, 2021, led by SPARX Group's Mirai Creation Fund II, with participation from existing investors Sony Innovation Fund, PKSHA Technology, Social Starts, and angels. The $50 million Series A funding, confirmed in press releases, aims to expand vertical strawberry farms into new markets, grow the flagship Manhattan facility, and invest in R&D for additional crops. CEO Hiroki Koga emphasized scaling to become the largest strawberry producer globally while advancing sustainable, delicious produce that uses less water and land than traditional farming. Mirai Creation Fund II, backed by Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, and SPARX, highlighted Oishii’s innovative cultivation as revolutionary for agriculture. Oishii positions itself to disrupt agriculture with year-round ripe fruit production free of pesticides. |
Who has invested in Oishii?
22 investors have backed Oishii across its funding rounds, including Miyako Capital, Resilience Reserve, Asahi Kogyosha Co, Social Starts, SPARX Group and Mizuho Financial Group.
Lead investors include SPARX Group, Asahi Kogyosha Co, Resilience Reserve, NTT and Mirai Creation Fund.
Oishii Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2024 | ||
| 2 | Lead | Feb 2024 | ||
| 2 | Lead | Dec 2025 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Lead | Feb 2024 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Participant | Feb 2024 | ||
| 1 | Participant | Feb 2024 | ||
This data is available for Pro users. Sign up to see all 22 Oishii investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOishii Competitors
Oishii competitors include listed companies like Daikokutenbussan, Cargills Ceylon and Modern Mills, and private ones like ShengXianChuanQi, The EVERY Company and Bobbie.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $435M | - | ||
| Publicly listed | $2.1B | $100M | $394M | 0.3x | ||
| Publicly listed | $822M | $81M | $584M | - | ||
| Publicly listed | $279M | $85M | $585M | 2.6x | ||
| Private | - | - | $586M | - | ||
| Private | $165M | - | $570M | 3.5x |
Oishii Public Comps
Oishii is still privately-owned, but its public comps include Cargills Ceylon, Modern Mills, Fourth Milling, Nichols, Lesieur Cristal, Cem Zeytin, ForFarmers, Halows, Mama's Creations and SunRice.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $822M | $81M | 0.8x | - | 8.6x | - | |||
| $279M | $85M | 2.8x | 2.6x | 9.2x | 8.8x | |||
| $176M | $72M | 3.4x | 3.4x | 8.5x | 8.5x | |||
| $235M | $40M | 2.0x | 1.9x | 12.0x | 9.7x | |||
| $582M | $24M | 0.9x | 0.9x | 22.7x | 18.3x | |||
| $58M | ($3M) | 10.5x | - | (232.3x) | - | |||
| $3.6B | $158M | 0.2x | 0.2x | 5.1x | 4.6x | |||
| $1.5B | $114M | 0.3x | 0.3x | 4.2x | - | |||
This data is available for Pro users. Sign up to see all Oishii competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Oishii
| When was Oishii founded? | Oishii was founded in 2016. |
| Where is Oishii headquartered? | Oishii is headquartered in Jersey City, NJ, United States. |
| Is Oishii publicly listed? | No, Oishii is a private, VC-backed company. |
| What is Oishii's valuation? | Oishii was last valued at $584M in its Series B in December 2024. |
| How much funding has Oishii raised? | Oishii has raised $372M across 5 funding rounds. |
| What was Oishii's last funding round? | Oishii's last funding round was a $153M Series C in May 2026, led by SPARX Group. |
| Who are Oishii's investors? | Oishii's investors include Miyako Capital, Resilience Reserve, Asahi Kogyosha Co, Mitsubishi Shokuhin, NTT, SPARX Group, Social Starts, CTBC Financial Holding, Mirai Creation Fund, Mizuho Financial Group and 12 others. |
| Which companies are comparable to Oishii? | Companies comparable to Oishii include ShengXianChuanQi, Daikokutenbussan, Cargills Ceylon, Modern Mills, The EVERY Company and Bobbie. |
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