ROCKINGHAM, Va., Oct. 12, 2022 /PRNewswire/ — Soli Organic Inc. (“the Company”), the nation’s only soil-based, indoor farming company delivering 100% USDA certified organic produce, has announced the close of a Series D funding round totaling nearly $125 million. The round was led by global investment group CDPQ, with leading European investment firm Movendo Capital, B.V. also joining the round, along with follow-on investment from existing investors S2G Ventures, Cascade Asset Management Company and XPV Water Partners. Goldman Sachs & Co. LLC acted as exclusive placement agent for Soli Organic.
A proven performer focused on achieving the best possible unit economics, Soli Organic has relied on very little venture funding to date, instead reinvesting profits into technology development in pursuit of price parity with field-grown organic produce. Soli Organic recently unveiled ‘Indolce’ basil, priced at nearly a dollar less per ounce on average than field-grown organic produce, one of many new comparably priced products the Company will roll out in the near future.