Canadian food startup Fieldless Farms raises $17.5 million for major expansion
Mike EdwardsNews People in Process Ag & Food Fund BDC controlled environment agriculture Farm Boy Farm Credit Canada fieldless farms Forage Capital Partners investment
Fieldless Farms, an Ottawa-based Controlled Environment Agriculture company that launched in 2019, has announced a Series A round raising $17.5 million in equity and debt to expand operations at its Cornwall, ON, facility by 10 times.
The expansion will help Fieldless Farms better meet demand for its cut lettuce mixes, and introduce new products to displace imports with local and more sustainable options in high-volume grocery categories.
“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.
“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.”
The financing round was led by Canada’s most experienced Ag & Food fund, Forage Capital Partners and includes Farm Credit Canada and BDC, the bank for Canadian entrepreneurs.
The company’s first farm in Cornwall, Ontario, launched in 2019. The operation grows no-need-to-wash leafy greens using highly controlled environments, renewable energy, and without herbicides or pesticides. 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.
“In Canada we import around $60 billion worth of food each year and happen to have the largest trade deficit in the world for lettuce. We rely on other nations to feed us, and it’s risky and unsustainable,” said Fieldless Farms CEO Jon Lomow. “We’re building Fieldless to address that massive opportunity—the need to locally produce food that is safer, secure, and more sustainable, 365 days a year.”
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