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§ Private Profile · Rockingham, VA, USA
Shenandoah Growers is a technology company.
Shenandoah Growers has raised $137.0M across 2 funding rounds.
Key people at Shenandoah Growers.
Shenandoah Growers has raised $137.0M in total across 2 funding rounds.
Soli Organic, formerly Shenandoah Growers, develops and operates advanced indoor farms to produce USDA Certified Organic culinary herbs and leafy greens. The company utilizes a proprietary soil-based growing system within its fully enclosed facilities, distinguishing its approach from hydroponics by leveraging natural soil benefits and an on-site organic fertilizer to cultivate high-quality produce. This technical method ensures optimal flavor, adherence to organic standards, and consistent year-round availability.
The company originated over three decades ago with founders Mike Sarco and Philip Karp. Their initial insight stemmed from a desire to establish a superior method for cultivating healthy, flavorful, and accessible organic food. This foundational vision led to the development of indoor farming techniques focused on sustainable, soil-based agriculture to overcome the limitations and environmental impacts of traditional outdoor farming.
Soli Organic serves a broad base of retailers and consumers across the country, providing organic products that maintain freshness and a longer shelf life due to regional indoor cultivation. Its long-term vision centers on delivering sustainably grown, high-value organic produce by minimizing resource consumption, such as 90% less water and significantly reduced land use compared to conventional farming, ensuring reliability and environmental responsibility in the supply chain.
Key people at Shenandoah Growers.
Shenandoah Growers has raised $137.0M across 2 funding rounds. Most recently, it raised $125.0M Soli Organic - Series D in October 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 12, 2022 | $125M Series D | — | Cascade Asset Management Company, Pedro Pereira Goncalves, Sanjeev Krishnan, XPV Capital | Announced |
| Sep 1, 2015 | $12M Series A | — | Advantage Capital | Announced |
Shenandoah Growers is a technology-driven agriculture company specializing in USDA certified organic, soil-based indoor farming. It produces fresh organic culinary herbs, leafy greens, and stir-in purees, serving major food retailers and consumers across the United States. The company addresses the problem of providing affordable, high-quality organic produce year-round by leveraging proprietary indoor farming technologies that dramatically reduce water use, land footprint, and environmental impact compared to traditional farming. Shenandoah Growers has demonstrated strong growth momentum by expanding its indoor farming footprint, launching new large-scale biofarms, and securing significant financing to scale production capacity[1][2][3][4].
Founded in 1989, Shenandoah Growers initially specialized in conventional greenhouse herb production before transitioning fully to organic crops about four years ago. The founders and leadership developed the idea of combining organic soil-based farming with controlled-environment agriculture to overcome the limitations of outdoor farming, such as climate variability and supply chain disruptions. Early traction came from pioneering the nation’s largest commercial indoor organic growing systems and establishing long-term partnerships with major food retailers, enabling wide distribution of their products[2][3][4].
Shenandoah Growers rides the convergence of several key trends: the rise of controlled-environment agriculture (CEA), increasing consumer demand for organic and locally grown produce, and the urgent need for sustainable food production methods amid climate change. Their timing is critical as supply chain disruptions and environmental concerns push the industry toward resilient, technology-enabled farming solutions. By pioneering soil-based indoor organic farming at scale, they influence the broader ecosystem by demonstrating that sustainable, affordable organic produce can be grown indoors year-round, potentially reshaping food supply chains and reducing agriculture’s environmental footprint[1][2][3][4][7].
Looking ahead, Shenandoah Growers is positioned to expand aggressively with plans for multiple new 100,000-square-foot biofarms, supported by a $120 million financing deal. Trends shaping their journey include growing consumer focus on food as medicine, demand for transparency and sustainability, and advances in indoor farming technology. Their influence is likely to grow as they refine their modular farming model, enhance product variety and quality, and deepen retailer and consumer reach. Shenandoah Growers exemplifies how technology can revolutionize traditional agriculture, making organic produce more accessible and environmentally responsible at scale[2][4][5].
Shenandoah Growers has raised $137.0M in total across 2 funding rounds.
Shenandoah Growers's investors include Cascade Asset Management Company, Pedro Pereira Goncalves, Sanjeev Krishnan, XPV Capital, Advantage Capital.
