80 Acres Farms raises $115 million, acquires BioTech to advance AgTech innovation

Image: 80 Acres

Hamilton-based 80 Acres Farms, a leader in vertical farming, has secured $115 million in new funding, strengthening its ability to scale operations and expand product offerings. The investment will support retail expansion, supply chain growth, and new ingredient solutions, reinforcing Ohio’s leadership in sustainable agriculture.

In addition to the capital raise, 80 Acres Farms has acquired Plantae Biosciences, an Israeli biotech company focused on plant breeding innovations. The acquisition integrates Plantae’s research team into Infinite Acres Israel, the international arm of Infinite Acres, 80 Acres’ technology-driven subsidiary.

The Big Picture

Founded in 2015, 80 Acres Farms operates indoor farms utilizing 100% renewable electricity and 95% less water per pound of produce compared to traditional farming methods. Their pesticide-free products, including salads, herbs, microgreens, and tomatoes, are available at over 1,500 retailers and restaurants across the eastern United States.

"Our ability to raise capital in today's market speaks to the confidence investors have in the need for controlled environment agriculture and our vision and execution," said Mike Zelkind, CEO and co-founder of 80 Acres Farms. "New funding has allowed us to broaden our technology platform, grow our retail footprint, and develop an ingredients channel, all to meet customer needs. We're able to make plans for the long term while delivering results today."

By the Numbers

• $115 million capital raise, backed by General Atlantic, Siemens Financial Services, and The Western & Southern Life Insurance Company.

• 60% revenue compound annual growth rate over the past three years, reflecting strong demand.

• 1,500+ retail and restaurant partners across the eastern U.S. carrying 80 Acres Farms products.

• 95% less water used compared to traditional farming, with 100% renewable electricity powering farms.

What’s Next

Following its latest $115 million capital raise and strategic acquisitions, 80 Acres Farms is gearing up for significant growth in retail distribution, ingredient innovation, and plant science research. The company plans to:

• Expand retail partnerships and product offerings, making its pesticide-free produce more accessible to consumers across the U.S.

• Strengthen ingredient development capabilities, allowing the company to diversify its market reach and enhance its position in the food supply chain.

• Integrate Plantae Biosciences into Infinite Acres Israel, leveraging advanced plant breeding research to optimize crop production and sustainability.