Oishii, a vertical farming technology based in New Jersey, has successfully raised an additional $16 million in its Series B funding round, bringing the total to $150 million. This funding, originally announced in February, was joined by investors including Resilience Reserve and Miyako Capital before closing.
Oishii uses advanced vertical farming techniques to grow produce in a controlled, pesticide-free environment, which conserves space and significantly reduces water usage compared to traditional farming. The investment will help the company expand its operations and further develop its farming solutions, which are designed to produce crops with minimal environmental impact.
Having recently debuted in Whole Foods Markets stores across the greater Chicago area, Oishii is expanding into new markets with the additional capital. Its produce will sell at Harris Teeter retailers across Washington, D.C., Maryland and Virginia, as well as in Wakefern brands in the tri-state area later in 2024. The funding also enables the company to scale up its operations and invest in research and development to further its sustainable farming technologies.
