Mike Zelkind had been teasing the news for weeks. All hints purposefully vague, but something big was brewing at 80 Acres Farms, the vertical farming startup based in nearby Hamilton.
When news broke Monday, it sent shock waves through the local startup ecosystem and beyond, and for good reason. The company’s $160 million Series B ranks as the largest capital raise in the region’s history — by a long shot. It’s more than all the startups in Greater Cincinnati raised in 2019 combined. It positions 80 Acres, already experiencing steady traction, with the debut of its most recent $30 million, 70,000-square-foot farm in Hamilton this year, for fast acceleration, with new sites and at least a doubling of its employee count.
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Story excerpt provided by Cincy Inno.
Written by Liz Engel.
Originally published August 12, 2021.