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AeroFarms - About the company

AeroFarms is an acquired company based in New York City (United States), founded in 2004 by David Rosenberg, Ed Harwood and Marc Oshima. It operates as a Developer of vertical farming technology producing microgreens with elevated flavor. AeroFarms has raised $244M in funding from investors like AllianceBernstein, IKEA and Meraas, with last known valuation of $*****. The company has 41 active competitors, including 8 funded and 1 that has exited. Its top competitors include companies like Goodleaf Farms, Agresearch Labs and Living Greens.

Company Details

Developer of vertical farming technology producing microgreens with elevated flavor. The company utilizes breakthroughs in artificial intelligence and plant biology to grow a wide array of products. It delivers improved nutrition with traceability and food safety.
Social
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Key Metrics
Founded Year
2004
Location
New York City, United States
Stage
Acquired
Total Funding
$244M in 11 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jul 09, 2019
Ranked
Employee Count
140 as on May 31, 2026
Similar Companies
Exit Details
Acquired by Palm Ventures (Jun 11, 2026)

AeroFarms's acquisition details

AeroFarms got acquired by Palm Ventures on Jun 11, 2026.
Click here to take a look at AeroFarms's acquisition in detail
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AeroFarms's funding and investors

AeroFarms has raised a total funding of $244M over 11 rounds. Its latest funding round was a Series E round on Aug 07, 2025 for $*****. 4 investors participated in its latest round. AeroFarms has 23 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of AeroFarms:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Aug 07, 2025
8852946
Series E
3028595
2132162
5886690
4075402
May 2025
1867638
Conventional Debt
9253070
4197860
5889963
Apr 09, 2024
8648018
Series E
2499650
8386394
4801872
3975057
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AeroFarms' founders and board of directors

Founder? Claim Profile
The founders of AeroFarms are David Rosenberg, Ed Harwood and Marc Oshima.
Here are the details of AeroFarms' key team members:

AeroFarms' employee count trend

AeroFarms has 140 employees as of May 26. Here is AeroFarms's employee count trend over the years:
Employee count trend for AeroFarms
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AeroFarms's Competitors and alternates

Top competitors of AeroFarms include Goodleaf Farms, Agresearch Labs and Living Greens. Here is the list of Top 10 competitors of AeroFarms, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for AeroFarms
AeroFarms
2004, New York City (United States), Acquired
Developer of vertical farming technology producing microgreens with elevated flavor
$244M
68/100
2nd
Logo for Goodleaf Farms
Goodleaf Farms
2015, Bible Hill (Canada), Series D
Provider of pesticide-free microgreens, baby greens, and salad mixes
$162M
57/100
3rd
Logo for Agresearch Labs
Agresearch Labs
2022, Bengaluru (India), Unfunded
Provider of aeroponic farming solutions for pesticide-free produce
-
-
42/100
4th
Logo for Living Greens
Living Greens
2011, Faribault (United States), Series A
Aeroponics based cultivation practices for indoor farming
$14.3M
35/100
5th
Logo for LUV Produce
LUV Produce
2016, Whittier (United States), Seed
Producer of fruits and vegetables using the aeroponic farming system
$2M
-
33/100
6th
Operators of vertical aeroponic farming systems sustainable production of leafy greens
$600K
29/100
7th
Logo for Growor Technologies
Growor Technologies
2019, Chennai (India), Unfunded
Developer of indoor farming technology for tomato and crop cultivation
-
-
25/100
8th
Logo for Green Warrior
Green Warrior
2020, Satara (India), Unfunded
Manufacturer of aeroponic towers and related hydroponic gardening accessories
-
-
24/100
9th
Logo for MechanicalMoon
MechanicalMoon
2005, Austin (United States), Seed
Developer of smart aeroponic growth chambers
$160K
-
24/100
10th
Logo for SkyAcres Agrotechnologies
SkyAcres Agrotechnologies
2021, Surrey (Canada), Unfunded
Provider of aeroponics vertical farming solutions
-
-
24/100
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AeroFarms's Investments and acquisitions

AeroFarms has made no investments or acquisitions yet.

Reports related to AeroFarms

Here is the latest report on AeroFarms's sector:

News related to AeroFarms

lockFilter this list
Media has covered AeroFarms for a total of 12 events in the last 1 year, 5 of them have been about company updates.
Palm Ventures Acquires AeroFarmsBlue Book ServicesJun 11, 2026AeroFarms, Palm Ventures
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