Stacked Farm has developed vertical farms that grow produce indoors.
It has now raised a total of $98 million in debt and equity since 2021.
Its newest investors are from the family behind PFD Food Services.
A Gold Coast-based start-up that has developed the technology to fully automate fruit and vegetable farming has banked $40 million more from investors, led by the family office belonging to Financial Review Rich Lister Richard Smith.
Stacked Farm, which uses robots to plant, harvest, bag and box the produce, has now garnered a total of $98 million from investors since kicking off its first external capital raise in 2021. Tayside Investments Australia, the office of the family behind PFD Food Services, leads the latest injection.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
