Financing led by global investment group CDPQ with broad participation from strategic, financial and impact investors, including new investor Movendo Capital, B.V.
Combined with a recent $120 million financing arrangement with Decennial Group and $50 million in venture debt financing from Horizon Technology Finance and Bridge Bank, new funds will support construction of additional modern, high-tech controlled environment farms in strategic locations nationwide and further scaling of technology and operations
Soli Organic is a category leader with products in more than 20,000 stores nationwide, including Kroger, Target, Walmart, Whole Foods and other top 20 retailers
ROCKINGHAM, Va., Oct. 12, 2022 /PRNewswire/ -- Soli Organic Inc. ("the Company"), the nation's only soil-based, indoor farming company delivering 100% USDA certified organic produce, has announced the close of a Series D funding round totaling nearly $125 million. The round was led by global investment group CDPQ, with leading European investment firm Movendo Capital, B.V. also joining the round, along with follow-on investment from existing investors S2G Ventures, Cascade Asset Management Company and XPV Water Partners. Goldman Sachs & Co. LLC acted as exclusive placement agent for Soli Organic.