When was Agrify founded?

Agrify was founded in 2016 and raised its 1st funding round 4 years after it was founded.

Where is Agrify located?

Agrify is headquartered in Burlington, United States.

Who is the current CEO of Agrify?

Raymond Chang of Agrify. They have also founded 1 company.

How many employees does Agrify have?

As of Jul 31, 2026, the latest employee count at Agrify is 19.

Is Agrify a funded company?

Agrify is a funded company, having raised a total of $4.5M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 24, 2020.

When was the latest funding round of Agrify?

Agrify's latest funding was a $***** Post IPO round on May 22, 2025, with participation from 0 investor.

What is the annual revenue of Agrify?

Annual revenue of Agrify is between $1M and $10M as on Dec 31, 2024

Where does Agrify rank among its competitors?

Agrify ranks 3rd amongst 168 active competitors, of which 26 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Agrify, which secured $30M in May, 2025.

Who are the top competitors of Agrify?

Agrify's top competitors include Freight Farms, Hamama and Rise Gardens. Among them, Agrify secured the most recent funding round in May, 2025.

Agrify - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Cannabis and hemp brands delivering wellness and lifestyle experiences. The company cultivates cannabis and crafts innovative hemp products designed to enhance daily life. It offers a diverse portfolio of trusted brands, including cannabis flower, pre-rolls, THC-infused beverages, and other cannabis products.

Website: agrify.com
Social
Email ID: *****@agrify.com
Phone Number: +1 **********

Key Metrics

Founded Year

2016

Location

Burlington, United States

Stage

Public

Total Funding

$4.5M in 6 rounds

Latest Funding Round

Post IPO, May 22, 2025, $*****

Investors

Phyto Partners & 3 more

Ranked

3^rd among 168 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2024

Employee Count

19 as on Jul 31, 2026

Investment & Acquisitions

Lab Society & 4 more

Similar Companies

LetPot & 310 more

Exit Details

Public

View Agrify's full profile

Agrify is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AGRIFY CORP CIN: 001-39946 , United States, Active	Dec 31, 2015	$1M - $10M (As on Dec 31, 2024)	72 (As on Dec 31, 2022)	-
AGRIFY CORPORATION CIN: 189649297 , United States, Active	Nov 22, 2021	-	-	-

Agrify got listed on Jan 28, 2021.

Click here to take a look at Agrify's IPO in detail

Agrify has raised a total funding of $4.5M over 6 rounds. Its first funding round was on Jan 24, 2020. Agrify has 4 institutional investors.

Here is the list of recent funding rounds of Agrify:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 22, 2025	6179486	Post IPO	2787151	9665520	9848116	8550518
Nov 21, 2024	9507178	Post IPO	8882458	2134454	4965886	8865383
Aug 28, 2024	9596590	Post IPO	3560331	1552335	1839344	2660095

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View details of Agrify's funding rounds and investors

The founders of Agrify is Raymond Chang. Raymond Chang is the CEO of Agrify.

Here are the details of Agrify's key team members:

Raymond Chang: Former Founder & CEO of Agrify. They serve on the board of 1 company.
Contact Info: 2 email addresses

View details of Agrify's Founder profiles and Board Members

Agrify's employee count trend

Agrify has 19 employees as of Jul 26. Here is Agrify's employee count trend over the years:

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Top competitors of Agrify include Freight Farms, Hamama and Rise Gardens. Here is the list of Top 10 competitors of Agrify, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Freight Farms 2010, Boston (United States), Acquired	Revolutionizing local food access with hydroponic container farms and software	$45.5M	Ospraie Ag Science, Spark Capital & 14 others	64/100
2nd	Hamama 2016, San Francisco (United States), Seed	Manufacturer and distributor of indoor growing kits	$4.52M	500 Global, Azure Capital Partners & 9 others	61/100
3rd	Agrify 2016, Burlington (United States), Public	Cannabis and hemp brands delivering wellness and lifestyle experiences	$4.5M	Phyto Partners, Prefix Capital & 2 others	59/100
4th	Rise Gardens 2019, Chicago (United States), Series A	Developer of indoor plant & flower growing systems	$18.9M	TELUS Ventures, True Ventures & 12 others	52/100
5th	Tortuga AgTech 2016, Denver (United States), Series A	Provider of AI-enabled robot greenhouses systems	$27.7M	Spero Ventures, THRIVE & 17 others	49/100
6th	AmplifiedAg 2018, Charleston (United States), Series B	Vertical farming technology company accelerating controlled environment agriculture (CEA) operations	$57.1M	VentureSouth, Intertidal Holdings & 1 others	47/100
7th	CubicFarms 2016, Langley (Canada), Public	Indoor farming technology company providing sustainable solutions for food and feed	-	Planet Ventures, Ospraie Ag Science & 1 others	46/100
8th	Trym 2018, Novato (United States), Seed	Developer of software for commercial growers, offering compliance and data solutions	$3.1M	Delta Emerald Ventures, 7thirty Capital & 5 others	45/100
9th	Babylon 2017, Charlottesville (United States), Series A	Provider of an automated hydroponic indoor growing system	$17.1M	Center for Innovative Technology, VentureSouth ... & 11 others	44/100
10th	AeroGrow International 2002, Boulder (United States), Public	Indoor gardening solutions: AeroGardens, grow lights, seed kits, and accessories	-	Ocean Ventures	42/100

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Agrify has not made any investments yet. Agrify has made 5 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 02, 2022	Acquisition	Lab Society	2016	Boulder (United States)
Oct 04, 2021	Acquisition	Cascade Sciences	2016	Hillsboro (United States)
Oct 04, 2021	Acquisition	Precision Extraction Solutions	2014	Troy (United States)