Gotham Greens, a Certified B Corporation™ and New York-based indoor-farming pioneer that operates one of the largest networks of high-tech hydroponic greenhouses in North America, has raised more than $310 million in new capital, bringing the growing company’s total financing to $440 million since its founding in 2009. The latest fundraising round, the company’s largest to date, includes equity and debt funding led by new investors BMO Impact Investment Fund (IIF), a sustainability-focused investment fund of the Bank of Montreal (BMO) (NYSE: BMO), and Ares Management funds (Ares). The Series E round was joined by additional new investors, including Commonfund, RockCreek and Kimco Realty Corp., along with key existing investors, including Manna Tree Partners and The Silverman Group.
Gotham Greens plans to use the funding to accelerate its mission to decentralize agricultural production and bring more greenhouse-grown produce and fresh, plant-based foods to people ac