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Vertical Farming Startup Oishii Raises $50m In Series A Funding

“We aim to be the largest strawberry producer in the world, and this capital allows us to bring the best-tasting, healthiest berry to everyone.”

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By Sian Yates

03/11/2021

Oishii, a vertical farming startup based in New Jersey, has raised $50 million during a Series A funding round led by Sparx Group’s Mirai Creation Fund II.

The funds will enable Oishii to open vertical strawberry farms in new markets, expand its flagship farm outside of Manhattan, and accelerate its investment in R&D.

“Our mission is to change the way we grow food. We set out to deliver exceptionally delicious and sustainable produce,” said Oishii CEO Hiroki Koga. “We started with the strawberry – a fruit that routinely tops the dirty dozen of most pesticide-riddled crops – as it has long been considered the ‘holy grail’ of vertical farming.”

“We aim to be the largest strawberry producer in the world, and this capital allows us to bring the best-tasting, healthiest berry to everyone. From there, we’ll quickly expand into new fruits and produce,” he added.

Oishii is already known for its innovative farming techniques that have enabled the company to “perfect the strawberry,” while its proprietary and first-of-its-kind pollination method is conducted naturally with bees.

The company’s vertical farms feature zero pesticides and produce ripe fruit all year round, using less water and land than traditional agricultural methods.

“Oishii is the farm of the future,” said Sparx Group president and Group CEO Shuhei Abe. “The cultivation and pollination techniques the company has developed set them well apart from the industry, positioning Oishii to quickly revolutionise agriculture as we know it.”

The company has raised a total of $55 million since its founding in 2016.

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VIDEO: The Future of Farming & Investing in Land - w/ Cubic Farms CEO Dave Dinesen

CubicFarms has developed and patented some of the most advanced automated growing machines for Fresh Vegetables and Nutritious Animal Feed that enable commercial-scale indoor farming, anywhere on earth

May 28, 2020

The Covid-19 pandemic exposed fragility in supply chains, such as labour shortages, disruptions in the packing and transportation sectors, and increasing uncertainty in the domestic and international markets. CubicFarms’ automated growing systems have emerged as a key solution to overcoming these challenges by allowing growers to localize food production and provide their markets with fresh produce and nutritious livestock feed reliably and consistently. What does this do to opportunities for land investment?

The Covid-19 pandemic exposed fragility in supply chains, such as labour shortages, disruptions in the packing and transportation sectors, and increasing unc...

Speaker Bio:

Dave is the CEO of CubicFarms, one of the world’s leading Ag Tech companies that develops “Technology to Feed a Changing World”. CubicFarms has developed and patented some of the most advanced automated growing machines for Fresh Vegetables and Nutritious Animal Feed that enable commercial-scale indoor farming, anywhere on earth. Dave leads growth at CubicFarms and since inception, has raised over $23MM in capital.

Dave is the former CEO and founder of BackCheck, which became one of the world’s top ten largest background screening companies, where he advanced the company from a start-up to an industry-leading company operating on three continents with over 500 employees.

http://cubicfarms.com

Recorded: Thursday, May 28, 2020,

**The information provided in this webinar and accompanying material is for informational purposes only. It should not be considered financial or professional advice.

You should consult with a professional to determine what may be best for your individual needs. http://addyinvest.com/

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