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AeroFarms
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Short description

Developer of aeroponic systems to grow leafy greens at high yield densities in urban vertical farms

Founded in 2004
Founded in

Company type Bankrupt Public (ARFM)
Company type

Industry Group agriculture & food

Sector indoor farming

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Newark, NJ Newark, United States
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Updated by Sunena Gupta at on 03/28/2025

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Date Company
11/18/2010

City MicroFarm City MicroFarm

Confirmed by City MicroFarm

Partnerships
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Date Partner Type
08/09/2021
Nokia Nokia
AeroFarms and Nokia Unveil Partnership for Next Generation AI-Enabled Plant Vision Technology
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Confirmed by Nokia
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Investment Rounds
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IPO INFORMATION

Date

10/18/2021

IPO status

Withdrawn

IPO Type

SPAC

Amount

$1.2B

Initial shares

Ticker symbol

ARFM

Exchange listed

NASDAQ

Prospectus URL

Prospectus

Source URL

Source

Description

AeroFarms and Spring Valley Acquisition Corp., a publicly traded special purpose acquisition company (SPAC), have mutually agreed to terminate a previously announced agreement to take the company public.

Date Investors Type Amount
04/24/2024 (0)
Post-money valuation of
Funding was disclosed via regulatory filing
Growth Equity $4,979,811
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