Green Bay agriculture technology startup Fork Farms LLC closed a $2 million Series A round led by Green Bay venture capital firm TitletownTech.
Fork Farms is known for its indoor vertical hydroponic growing system called the Flex Farm, designed to make fresh food production highly cost-efficient and energy-efficient. It will use the financing to expand to new markets, hire more employees, and develop new and existing products, according to the announcement.
The Flex Farm is in use in 31 U.S. states, Fork Farms vice president of marketing Lalu Beré said. The company has 11 full-time employees.
With nearly 500 partners, the company's primary customers are schools, health care organizations, and nonprofits, including the University of Wisconsin-Oshkosh and the Marshfield Clinic Health System. The Flex Farm can also be used by other businesses and home growers.
In Milwaukee, the Flex Farm has been used by Maryland Avenue Montessori School, Whitman Elementary School, and Friedens Community Ministries food pantries. As it grows, Fork Farms plans to expand its foothold in Milwaukee and Chicago, Beré said.
“We have continued to be impressed with the value and impact they provide their customers," TitletownTech managing director Craig Dickman said in an Aug. 31 statement. "We believe the growth and success they’ve seen is just the start of the journey to come.”
Other institutional investors also participated in the Fork Farms Series A round.
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