Funding round
Gotham Greens Series E
Gotham Greens, which works in urban agriculture production in New York, raised $310M in a Series E round announced on 12 Sep 2022, led by BMO Impact Investment Fund and Ares Management. 7 firms took part, 2 of them already investors. It is Gotham Greens' third venture round on record; the one before was a Series D in Dec 2020.
$310M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
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 21 months after Gotham Greens' Series D. It is 73% of the $426M Gotham Greens has raised in the venture rounds on record. No later venture round is on record for Gotham Greens.
Investors
Who put money in
BMO Impact Investment Fund and Ares Management led the round with 5 other firms. Manna Tree Partners and The Silverman Group had backed Gotham Greens before.
Lead investors
- BMO Impact Investment Fund new investor
- Ares Management new investor
Also in the round
- Commonfund new investor
- RockCreek new investor
- Kimco Realty Corporation new investor
- backs 7 venture-backed companies existing investor
- The Silverman Group existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, acquisitions and working capital.
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Farms & Agriculture Production, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Plenty Farms & Agriculture Production | 25 Jan 2022 | $400M | $1.90B | One Madison Group and JSCapital |
| Business Consulting | 6 Sep 2022 | $318M | not disclosed | THE FUND |
| Form Energy Batteries | 4 Oct 2022 | $450M | not disclosed | TPG |
| Tech Companies | 31 Aug 2022 | $238M | $1.20B | Accel |
| Tech Companies | 16 Aug 2022 | $170M | not disclosed | Apax Partners and BDT & MSD Partners |
| Inari Biotechnology | 4 Oct 2022 | $124M | $1.50B | Canada Pension Plan Investment Board and Flagship Pioneering |
| Airwallex Payment Processing & Point of Sale | 10 Oct 2022 | $100M | $5.50B | not named |
| Geekplus Industrial Machinery & Supplies | 8 Aug 2022 | $100M | $2.00B | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Gotham Greens raise in its Series E round?
Gotham Greens raised $310M in its Series E round, announced in Sep 2022.
Who led Gotham Greens' Series E round?
BMO Impact Investment Fund and Ares Management led it, with Commonfund, RockCreek, Kimco Realty Corporation, Manna Tree Partners and The Silverman Group.
What was Gotham Greens' valuation at the Series E round?
It was not disclosed; its last disclosed one was $122M at the Series C (Jun 2018).