- The financing ‘s proceeds will be used to expand operations at Fieldless Farms’ Cornwall facility by 10x
- The company was launched in 2019
- Forage Capital Partners is a Canadian specialist in agriculture and food investing
Ottawa-based Fieldless Farms, a food and agricultural startup, has raised C$17.5 million in Series A financing that included equity and debt. The investors included Forage Capital Partners, Farm Credit Canada (FCC) and BDC.
Fieldless Farms launched in 2019. The financing’s proceeds will be used to expand operations at its Cornwall facility by 10 times.
“Since launching across the Farm Boy chain in 2019, we’ve been propelled by the enthusiasm for our products. Canadians are hungry for better options and we can’t keep shelves stocked,” said Fieldless CEO Jon Lomow, in a statement. “Fieldless is directly addressing long, complicated and mostly foreign supply chains by offering products that are local and more sustainable, but most of all, that people fall in love with.”
Shortly after launching, Fieldless Ontario Sweets and Northern Crunch lettuce mixes obtained listing across Ontario in the rapidly expanding grocer, Farm Boy, in addition to a handful of independent grocers.
BDC participated equally in the debt portion of the fundraising with FCC.
Forage Capital Partners is a Canadian agriculture and food investor that has managed more than C$500 million in commitments to the industry over the past 18 years.