[20 June/AgFunder News]

Gotham Greens raised USD29 million in Series C funding. The main contributor was Creadey which is the private equity arm of the Mulliez family. Gotham Greens is a mature player in the U.S. indoor agriculture startup scene. It has three commercial scale greenhouses in New York and one in Chicago. Gotham Greens CEO, Viraj Puri, said the company was attractive to Creadey given their deep experience in retail and global outlook. He added they also liked their perspective on the space and long term focus. Gotham Green spoke to many different investors during the fundraising process. The proceeds would be used to expand its footprint further with more greenhouses under development and would also help the business widen its distribution channels that currently include retailers. Mr Puri noted the company used state of the art greenhouse tech which included the latest automation from seed to harvest, data science and machine learning, pest management techniques, irrigation filtration, and plant physiology.