Freight Farms Is Now More Green

The Boston startup that builds automated farm systems in shipping containers raised $15M in a Series B round led by New York City-based Ospraie Ag Science, which invests in agtech companies. Existing investor Spark Capital also participated in the round, which brings the company’s total funding to more than $28M.

Freight Farms runs a network of smart farms across 44 states and 25 countries. Each smart farm called a “Greenery,” is housed in a 320-sq.-ft. hydroponic shipping container. These vertical farming containers are all linked to the startup’s data platform, Farmhand.

The startup’s customers range from food distributors and grocery stores to educational institutions and corporate campuses. In the past, the company has worked with the Compas Group, Google and Federal Realty Investment Trust.

The 10-year-old startup claims its farms can grow more than 500 varieties of crops at a commercial scale by using 99.8% less water than traditional agriculture.

Read more: Freight Farms Raises $15M in Series B For New Partnerships and Expansion