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- 80 Acres Farms Raises $115M, Acquires Plantae Biosciences
80 Acres Farms Raises $115M, Acquires Plantae Biosciences
Slice of Agriculture Team
February 21, 2025
Key Highlights:
80 Acres Farms raises $115 million in capital amid strong investor confidence.
Acquires Plantae Biosciences, an Israeli biotech company specializing in accelerated plant breeding.
Strategic investors include General Atlantic, Siemens Financial Services, Barclays Climate Ventures, and more.
Plantae's research collaboration with Weizmann Institute brings cutting-edge plant breeding to Infinite Acres.
Continued growth in 2024 with new retail expansions, ingredient channels, and a 60% revenue CAGR.
Source: Newswire
Notable Quotes:
“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.”
“Combining advances in genetics with precision farming systems that offer unprecedented environmental control, we have the makings of another green revolution that will provide resilience to climate change.”
“Using advanced plant breeding technology, we can begin to truly differentiate produce by optimizing for flavor, texture, and nutrition, unlike anything available in the marketplace today.”
Why This Matters:
This milestone strengthens 80 Acres Farms' position as a leader in controlled environment agriculture, leveraging advanced genetics and precision farming to improve crop yield, sustainability, and food security. The acquisition of Plantae Biosciences unlocks new innovations in plant breeding, helping tailor crops for better taste, nutrition, and resilience to climate change. With strong investor backing and continued expansion, 80 Acres Farms is shaping the future of food production.