Funding round
Gotham Greens Series D
Gotham Greens, which works in urban agriculture production in New York, raised $87M in a Series D round announced on 8 Dec 2020, led by Manna Tree Partners. 2 firms took part, 2 of them already investors. It is Gotham Greens' second venture round on record; the one before was a Series C in Jun 2018.
$87M
Amount raised
of which $87M debt
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Gotham Greens did not disclose a valuation in this round; its last disclosed one was $122M at the Series C (Jun 2018). It came 30 months after Gotham Greens' Series C. It is 20% of the $426M Gotham Greens has raised in the venture rounds on record. Gotham Greens raised again 21 months later: a Series E round of $310M in Sep 2022.
Investors
Who put money in
Manna Tree Partners led the round with 1 other firm. Manna Tree Partners and The Silverman Group had backed Gotham Greens before.
Lead investor
- backs 7 venture-backed companies existing investor
Also in the round
- The Silverman Group existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Farms & Agriculture Production, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Farms & Agriculture Production | 7 Dec 2021 | $70M | not disclosed | Evolvence India and Schroders Capital |
| Fuze Health Drug Stores & Pharmacies | 3 Dec 2020 | $250M | $1.00B | SoftBank Vision Fund |
| Pharmaceutical Products | 8 Dec 2020 | $181M | not disclosed | RTW Investments, LP and GT Fund |
| Bolt Ridesharing | 1 Dec 2020 | $180M | not disclosed | not named |
| Medical Laboratories | 3 Dec 2020 | $175M | $1.30B | not named |
| Software Development Services | 1 Dec 2020 | $155M | $3.50B | Tiger Global |
| Tech Companies | 17 Dec 2020 | $150M | not disclosed | not named |
| Tech Companies | 10 Dec 2020 | $130M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Gotham Greens raise in its Series D round?
Gotham Greens raised $87M in its Series D round, announced in Dec 2020.
Who led Gotham Greens' Series D round?
Manna Tree Partners led it, with The Silverman Group.
What was Gotham Greens' valuation at the Series D round?
It was not disclosed; its last disclosed one was $122M at the Series C (Jun 2018).
Did Gotham Greens raise again after this round?
Yes: a Series E round in Sep 2022 of $310M.