Earth Equity Farms nabs seed round

January 29, 2015

SEC filings report that Berkeley-based Earth Equity Farms has raised an additional $267k, bringing their total round to $822k, which they launched last year. According to the companies website, Earth Equity Farms is developing “sustainable Organic Fair Trade agriculture” through climate controlled greenhouses that “reduce water usage [generate] high production yields and near elimination of crop damage risk”. To date the company has reported no revenue.

Startups in the Environment Controlled Agriculture space had a break-out year in 2014, pulling in nearly $210 million in funding. This included AeroFarms ($36m), Bright Farms ($7.3m), Freight Farms ($3.7m), Fresh Realm ($10m), PodPonics ($4.6), Gotham Greens ($8m), and  GrowLife ($14.5m), and SunDrop Farms ($100m). Environment Controlled Agriculture has benefitted from a confluence of factors including a prolonged drought in California driving up prices for high value crops like lettuce, herbs, and tomatoes; legalization of cannabis in many states; local-food movements, and the emergence of low-cost LED lighting.

Earth Equity’s plan, outlined on AngelList, calls to develop 37 acres of greenhouse each year over the next three years, with a 12-acre greenhouse for Phase one. Phase one is projected to cost $650k and generate $800k in annual EBITDA, with the entire operation projecting $13.2M EBITDA after year four.

Have news or tips? Email [email protected]

Correction: Gannon over at CleanTech sent over a correction. The company did not have two separate rounds. Rather, the SEC filing was an amendment to last years Reg D filing.


Join the Newsletter

Get the latest news & research from AFN and AgFunder in your inbox.

Share on email
Share on twitter
Share on facebook
Share on linkedin
Share on reddit
Share on whatsapp
Share on skype
Join the Newsletter
Get the latest news and research from AFN & AgFunder in your inbox.

Follow us:


Sponsored Content


Frankly Speaking

Editor's Pick

Data Snapshot

Investor Insight

Tailgate Talk

Research & Data

Sign up for our weekly food+ag+climate newsletter

This will close in 0 seconds

Join Newsletter