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Boston urban farming company announces first round of funding led by investment firm Fay and Tung Associates, LLC, to fuel growth.
BriefingWire.com, 5/29/2015 – Boston, MA: Green City Growers announced today that is has secured an infusion of capital in order to continue rapid growth as Greater Boston’s premier urban farming company. This funding effort is led by Fay and Tung Associates, LLC, and represents the company’s largest round of investment since inception in 2008.
Recently unveiling Fenway Farms at Fenway Ballpark, Green City Growers pioneered the viability of urban farming in New England. Today, Green City Growers maintains more than 150 urban farms for educational institutions, corporate employee benefit programs, private residences, and retail foodservice for restaurants, supermarkets and cafeterias.
Green City Growers’ dramatic average annual growth of 40% has been driven by increased demand among local and global organizations in and around Boston. Customers include Whole Foods Market, Boston Properties, BGood restaurant chain,Brandeis University, Boston Public Schools, YMCA, and dozens of additional businesses and institutions in eastern Massachusetts.
Over the last year, Green City Growers has more than doubled its staff from 10 to 25 to accommodate growth. Building on this momentum, Green City Growers will use the additional financing to continue expanding its regional reach, accelerate product development and innovation, and invest in additional assets and marketing resources.
“Green City Growers’ goal is to empower people from all walks of life, living in urban areas, to have access to a network of sustainable farms,” says Jessie Banhazl, Founder and CEO of Green City Growers. “This capital gives us additional resources to further deliver our vision of fueling personal and environmental health, and local food sustainability throughout the region.”
“Urban Farming is a vision and cause our firm believes in,” says Tai-Chin Tung, Fay and Tung Associates, LLC. “We are very excited to be able to support Green City Growers in this growth phase of the business.”
With this investment, Tai-Chin Tung and Christopher Grallert have joined Green City Growers’ Board of Advisors.
About Green City Growers:
Green City Growers (GCG) is an urban agriculture business specializing in the installation and maintenance of raised bed gardens, rooftop farms and indoor growing systems, using only organic OMRI approved methods. GCG transforms otherwise unused space into thriving urban farms providing schools, home-owners, restaurants, businesses and communities immediate access to nutritious food, while revitalizing city landscapes and inspiring self-sufficiency through garden education programs. GCG works with clients throughout the region including Fenway Park, Whole Foods Market, Beverly Schools, Boston Public Schools, athenahealth, Harvard Pilgrim Healthcare, MassMed, Boston Properties, Davis Marcus Management, City of Somerville and 7 BGood restaurants.