NeoFarm Closes $30M Series B Round for Agroecological Expansion

NeoFarm, founded in 2018, has secured $30,000,000 in investment capital from a recent funding round. This significant capital infusion marks a key milestone for the company as it continues to expand its innovative approach to agricultural production. The funding underscores investor confidence in NeoFarm's model for sustainable and technologically integrated farming. Co-founded by Alexia Rey and Olivier Le Blainvaux, NeoFarm specializes in developing and deploying a market gardening production solution designed to be resilient, regenerative, and profitable. The company’s core mission is to relocalize the production of vegetables, ensuring respect for the environment and biodiversity. By combining the benefits of agroecology with advanced technology, NeoFarm aims to achieve high control over production costs while simultaneously attracting new generations of farmers to modern agricultural operations. The newly raised funds are earmarked to accelerate NeoFarm's strategic growth initiatives. The company plans to significantly scale the deployment of its vegetable production sites across the national territory, further solidifying its presence and expanding its capacity. This investment will enable NeoFarm to enhance its technological solutions, refine its agroecological practices, and strengthen its operational infrastructure to meet increasing demand for locally sourced, environmentally responsible produce. This funding round is critical for NeoFarm as it works towards its vision of transforming the food production landscape. The capital infusion will support the company's efforts to develop more efficient and attractive farming models, fostering economic viability alongside ecological stewardship. NeoFarm anticipates that this investment will propel its expansion plans, allowing it to increase its impact on sustainable food systems and farmer engagement in the coming years.