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

Oishii Overview

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

United StatesJersey City, NJ

Website

oishii.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$584M (Dec 2024)

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

Oishii valuation by funding round
DateStageValuation
Dec 2024Series 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

Oishii funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2026Series CSPARX Group (lead); Asahi Kogyosha Co; MISUMI Group; Nomura Real Estate Development; Mizuho Americas$153M--
Dec 2025Undisclosed stageAsahi 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 2024Series BResilience Reserve (lead); Miyako Capital; Daiwa House Industry; Inspire$20M$584MOishii 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 2024Series BNTT (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 2021Series AMirai 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

Investors in Oishii by funding rounds participated
InvestorHQRoundsRoleFirst check
Miyako CapitalJapanKyoto2ParticipantFeb 2024
Resilience ReserveUnited KingdomUnited Kingdom2LeadFeb 2024
Asahi Kogyosha CoJapanJapan2LeadDec 2025
Mitsubishi ShokuhinJapanTokyo1ParticipantFeb 2024
NTTUnited KingdomLondon1LeadFeb 2024
SPARX GroupJapanTokyo1LeadMay 2026
Social StartsUnited StatesSan Francisco, CA1ParticipantMar 2021
CTBC Financial HoldingTaiwanTaipei1ParticipantFeb 2024
Mirai Creation FundJapanTokyo1LeadMar 2021
Mizuho Financial GroupJapanTokyo1ParticipantFeb 2024
Daiwa House IndustryJapanOsaka1ParticipantDec 2024
Nymph Investments Cayman LimitedCayman IslandsGeorge Town1ParticipantFeb 2024
McWin PartnersCzech RepublicPrague1ParticipantFeb 2024

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Oishii Competitors

Oishii competitors include listed companies like Daikokutenbussan, Cargills Ceylon and Modern Mills, and private ones like ShengXianChuanQi, The EVERY Company and Bobbie.

Public and private companies comparable to Oishii
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ShengXianChuanQiChinaHefeiPrivate--$435M-
DaikokutenbussanJapanJapanPublicly listed$2.1B$100M$394M0.3x
Cargills CeylonSri LankaSri LankaPublicly listed$822M$81M$584M-
Modern MillsSaudi ArabiaSaudi ArabiaPublicly listed$279M$85M$585M2.6x
The EVERY CompanyUnited StatesSan Francisco, CAPrivate--$586M-
BobbieUnited StatesSan Francisco, CAPrivate$165M-$570M3.5x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cargills Ceylon$822M$81M0.8x-8.6x-
Modern Mills$279M$85M2.8x2.6x9.2x8.8x
Fourth Milling$176M$72M3.4x3.4x8.5x8.5x
Nichols$235M$40M2.0x1.9x12.0x9.7x
Lesieur Cristal$582M$24M0.9x0.9x22.7x18.3x
Cem Zeytin$58M($3M)10.5x-(232.3x)-
ForFarmers$3.6B$158M0.2x0.2x5.1x4.6x
Halows$1.5B$114M0.3x0.3x4.2x-

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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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