Soli Organic raises $125M to further expansion plans

Organic produce company Soli Organic raised nearly $125 million to build additional large soil-based indoor farms. It’s working toward having 15 farms nationwide but also has its sights on smaller regional facilities.

The Series D funding round was led by the investment group CDPQ. This is Soli’s third large raise in 12 months. It received $120 million in financing from real estate investment firm Decennial Group last October and reached a $50 million financing arrangement with Horizon Technology Finance in May. 

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