Gardyn announced today that JAB Ventures, an affiliate of JAB Holding Company, has increased its non-controlling stake in Gardyn through an additional investment of approximately $5 million. This brings Gardyn’s total raise this year to $15 million. The investment will be used to further develop Gardyn’s revolutionary technology platform, strengthen distribution and accelerate customer acquisition.
“Gardyn, built on remarkable technology and a radically novel customer experience, is shaping the future of food at home,” said Joachim Creus, Senior Partner at JAB. “Gardyn is the clear leader in the fast-growing segment of homegrown food, as evidenced by the brand’s strong growth and high adoption and retention rates, even beyond COVID. JAB Ventures is proud to support Gardyn’s development and bring to market credible alternatives to the industrial paradigm of the past, in a way that is better for the planet, better for health, and brings natural art to your home.”
Gardyn went to market in March 2020. Using innovative hybriponic™ technology, a patented blend of hydroponic and aeroponic farming, Gardyn is setting a new standard for at-home technology that requires 95% less water than traditional methods. JAB Ventures’ recent influx of capital allows for further development of the hybriponic™ system as well as the artificial-intelligence-based technology that automates Gardyn’s devices, optimizes the plants’ growth, and makes it so easy to use.
“After JAB Ventures’ initial investment, we’re thrilled to continue our partnership in a larger capacity,” said FX Rouxel, founder and CEO of Gardyn. “With a storied history backing iconic food and beverage brands like Panera Brands and Keurig Dr. Pepper, as well as a shared mission in bettering the future of food, we’re confident JAB Ventures is a great partner for our next chapter at Gardyn.”
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