AmplifiedAg Inc. Raises $ 40 Million, Expanding Global Technologies and Vertical Root Indoor Farms in Southeast
The funding will propel the continued expansion of AmplifiedAg’s Vertical Roots hydroponic container farming business and the development of its AmpEDGE ™ farm management software.
CHARLESTON, SC, August 9, 2021 / PRNewswire / – AmplifiedAg Inc.™, a leader in the rapidly growing agro-tech industry with a mission to provide global access to safe food, today announced that the company has completed 40 $ million euros in equity financing. The funding will support the continued expansion of the world’s leading hydroponic container farm. Vertical roots and the further development of the company’s holistic operating system, AmpEDGE ™, which uniquely combines environmental monitoring and controls with business operations for the end-to-end management of indoor farms.
Equity financing extends Vertical Roots’ covered farms across AmplifiedAg and Southeast’s global software solutions.
“Our demonstrated ability to scale our covered farms and technology leads to discussions with strategic and financial partners, and we plan to consume additional funding later this year to further accelerate Vertical Roots’ presence across the country,” said Don taylor, CEO of AmplifiedAg.
Vertical Roots’ rapid success exemplifies the time, profitability, operational growth efficiency, and superior product quality that AmplifiedAg technology and farms achieve. In less than four years, Vertical Roots has grown into the world’s largest hydroponic container farm, growing several varieties of ripe, fresh leafy green vegetables. The company currently operates three agricultural sites in Charleston, South Carolina, Colombia, South Carolina, and Atlanta, Georgia. with products available in 1,700 major grocery stores in 12 states, including retailers such as Publix, Harris rocking and Whole Foods, as well as schools, universities and restaurants.
The current round of funding will support the establishment of farms in the north and center Florida, extending the dominance of Vertical Roots as a leading CEA and vertical agriculture company in the Southeast market.
AmplifiedAg is implementing a distinctive strategy to operate Vertical Roots farms directly at distribution facilities, eliminating a massive portion of product transportation to reduce emissions and provide communities with fresh, locally grown produce. Vertical Roots is currently focusing on ripe, nutritious lettuce varieties that are celebrated for their flavor, freshness and 100% pesticide free.
Taylor added, “We are doubly focused on deploying Vertical Roots farms across the country as close to the point of consumption as possible, while advancing and expanding AmplifiedAg’s global network of proven technologies and farms to d ‘others in the CEA industry. “
About AmplifiedAg, Inc.
AmplifiedAg, Inc. ™ is an agro-tech industry visionary with a mission to provide global access to safe food. The company manufactures indoor vertical container farms, hydroponic systems and disruptive SaaS-based technologies from seed to sale. AmplifiedAg provides holistic indoor farming solutions to sustainably grow and distribute food all over in the world.
AmplifiedAg owns and operates Vertical roots, the world’s largest hydroponic container farm with products in over 1,700 grocery stores nationwide. Learn more about www.amplifiedaginc.com. Growing food for a growing world.
View original content to download multimedia: https://www.prnewswire.com/news-releases/amplifiedag-inc-completes-40mm-in-capital-raise-expanding-global-technologies-and-vertical-roots-indoor -farms-across-the-southeast-301351235.html
SOURCE Ag Amplified