Gardyn is raising a $35 million Series B financing round headed by JAB Ventures. Upon completion, the non-controlling investment will bring Gardyn’s total funding to date to $55 million, fueling Gardyn’s rapid expansion as it continues to reinvent the current food system to one that is more sustainable, healthier, and addresses food security. Awarded Best Invention of The Year by TIME Magazine and Sustainability Product of The Year by Business Intelligence Group, Gardyn has proven revolutionary in the sustainable food space.
“JAB Ventures is very proud to double down on our investment in Gardyn given the amazing track records they have demonstrated over the past few years and the incredible potential they have moving forward given their unique positioning and technology,” says Joachim Creus, Managing Partner and Vice-Chairman of JAB. In 2021 JAB Ventures led Gardyn’s Series A with a $15 million round.
With this new investment, Gardyn intends to further develop its revolutionary technology and make the transition to home-grown food even easier. Additionally, this will allow Gardyn to ramp up its production capabilities and secure its supply in the current uncertain context.
“With the continued development of unique technologies and a reliable supply, we can reshape the production of food. The time to switch to a reliable, healthy, and support system is now” says FX Rouxel, Founder and CEO of Gardyn. “As we continue to grow and expand, we change the way food is grown to a fully-distributed, climate-friendly model that leverages existing infrastructures in cities, and provides healthy and more nutritious food for everyone. With remarkable and sustained demand, Gardyn boasts a high adoption rate, proving consumers are eager to leave dysfunctional systems behind.”
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