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Indoor vertical farming company AeroFarms has announced its acquisition by an affiliate of Palm Ventures, a family investment office with operations in Austin and Greenwich, US.
The acquisition marks a significant milestone for AeroFarms as it seeks to strengthen its financial position and capitalise on growing consumer demand for nutrient-dense, sustainably produced foods.
According to the company, the partnership substantially reduces AeroFarms' debt burden while prioritising long-term profitability, customer relationships and continued expansion of its microgreens portfolio.
As part of the transition, Gustavo Burger has been appointed chief executive officer. Burger brings more than two decades of leadership experience in the food and beverage sector, including senior roles at Kraft Heinz and Anheuser-Busch InBev, where he led growth initiatives and operational performance across major retail and foodservice channels.
In a statement, Burger said: "AeroFarms is built on the most advanced aeroponic platform in the food industry, a category-defining product, and retail partnerships with the best names in the business. My focus is to build on that foundation with the operational rigour it deserves, and create a business that performs as well as its products."
Founder and chairman of Palm Ventures, Bradley Palmer, said: "Consumers are choosing foods that naturally pack higher nutritional value into every bite. AeroFarms is exactly the kind of mission-driven company we bring our intellectual, relational and financial capital to; a disciplined business with first-class retail customers, superior technology and a mission that matters."
The investment firm also pointed to increased consumer interest in foods that support wellness and weight management goals, trends that have been amplified by the growing adoption of GLP-1 medications.
AeroFarms, a Certified B Corporation, has established itself as a leading player in controlled environment agriculture through its patented aeroponics technology, automated systems and robotics-enabled production model. The company's indoor growing methods eliminate the need for soil and pesticides while using 90% less water and 230 times less land than conventional field agriculture, according to AeroFarms.
The company says its microgreens contain significantly higher concentrations of select vitamins, minerals, and phytonutrients than their mature vegetable counterparts, depending on the variety. AeroFarms also cites an extended shelf life of 18 to 21 days for its products, compared with approximately one week for traditionally grown microgreens.
Currently distributed in approximately 2,000 retail locations nationwide, AeroFarms enters its next phase with an emphasis on operational discipline and sustainable expansion.
The transaction closed in April 2026, with financial terms undisclosed.