Oishii Secures $150 Million In Series C Funding Led By SPARX Asset Management

Oishii, the Jersey City-based indoor vertical farming company, raised $150 million in the first close of its Series C round, resulting in total funding of $370 million since its inception in 2016. The investment round was led by SPARX Asset Management Co., Ltd., with contributions from Nomura Real Estate Development Co., Ltd., MISUMI Group Inc., Mizuho Bank Ltd., and others.

Summary of transaction details:

• Deal Type: Series C
• Transaction Amount: $150,000,000
• Company Name: Oishii
• Founders: Hiroki Koga & Brendan Somerville
• Headquarters: Jersey City, New Jersey
• Notable Investors: SPARX Asset Management Co., Ltd., Nomura Real Estate Development Co., Ltd., MISUMI Group Inc., Mizuho Bank Ltd.

Oishii specializes in cultivating pesticide-free, Non-GMO Project Verified strawberries such as Omakase, Koyo, and Nikko through its Smart Farm system, which creates controlled environments replicating ideal natural conditions. The company is led by CEO Hiroki Koga and is focusing on scaling production capacity, expanding infrastructure, advancing robotics integration, and investing in R&D in both the U.S. and Japan.