FAQ on Siguler Guff's Refinancing for AeroFarms and the Advancements in Vertical Farming
Summary
AeroFarms, a vertical farming company, has refinanced its debt with Siguler Guff's help, marking a significant step towards sustainable and profitable vertical farming, despite industry-wide funding challenges.
What is AeroFarms?
AeroFarms is an indoor vertical farming company based in Ringgold, Va., focused on producing nutritious microgreens locally while preserving natural resources.
Why did AeroFarms refinance its debt?
AeroFarms refinanced its debt to support ongoing operations at its Danville, Va. farm and to fund pre-construction activities at a second farm, securing a more favorable interest rate and terms.
Who provided the refinancing for AeroFarms?
New York-based Siguler Guff and Wilmington, Del.-based Waterside Commercial Finance provided interim financing, with Siguler Guff’s asset-based loan paying off the previous debt from Horizon Technology Finance.
How has AeroFarms demonstrated the viability of vertical farming?
Under CEO Molly Montgomery, AeroFarms has focused on higher-margin microgreens, achieving profitability in recent quarters and proving vertical farming can be sustainable and profitable at scale.
What challenges does the vertical farming industry face?
The industry has seen sharply lower funding, with U.S. indoor farming startups raising only $57 million in 2025 compared to $2.1 billion in 2021, and some companies like Plenty and Bowery facing bankruptcy or shutdown.
Who are AeroFarms’ existing investors?
Existing investors include Grosvenor Food & AgTech (GFA), Ikea subsidiary Ingka Investments, Cibus Capital, ACEG, among others.
What is the significance of AeroFarms’ refinancing and equity funding?
The refinancing and equity funding signify a strong belief in AeroFarms’ business model and its potential role in the global fresh food supply chain, despite broader industry challenges.
Where is AeroFarms’ production facility located?
AeroFarms operates a 140,000-square-foot production facility in Danville, Va., focusing on profitable microgreens production after restructuring.
This story is based on an article that was registered on the blockchain. The original source content used for this article is located at citybiz
Article Control ID: 145777