Oishii Raises $150 Million in Funding

Oishii, a vertical farming startup based in New Jersey, has successfully closed its Series B funding round at $150 million, significantly exceeding its initial target of $134 million announced earlier in 2024. The funding attracted notable investors, including Resilience Reserve and Miyako Capital, as well as existing stakeholders like NTT and Mizuho Bank. This capital infusion will enable Oishii to expand its market presence, with its produce now sold at Whole Foods in Chicago and set to enter Harris Teeter stores across the D.C. area in 2024. Known for its premium strawberries, particularly the Koyo Berry, Oishii aims to enhance its operations and invest in research and development to further its sustainable farming technologies. The company is also planning an international expansion with a new center in Tokyo, reflecting growing interest in its high-quality produce. CEO Hiroki Koga emphasizes the goal of making food more accessible and delicious while maintaining a focus on quality over rapid expansion.