80 Acres Farms announces $115M in in capital raises, acquisition of biotech company

80 Acres Farms Secures $115M, Acquires Plantae Bioscience to Advance Vertical Farming

80 Acres Farms, one of Cincinnati’s most well-funded startups, has further solidified its position in the CEA space with a significant $115 million capital raise in 2024. While this does not surpass its 2021 Series B funding of $160 million, it remains one of the largest funding rounds in the region. The company also announced the acquisition of Plantae Bioscience, an Israeli biotechnology firm, marking a strategic step towards enhancing its pla…

80 Acres Farms announces $115M in in capital raises, acquisition of biotech company

80 Acres Farms has announced capital raises totaling $115 million and the acquisition of Plantae Biosciences, an Israeli biotechnology company. "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…