AgroVision Becomes Unicorn with $100 Million Raise for Superfruits at Over $1 Billion Valuation

Aug 1, 2024, 05:06 PM

LA-based AgroVision, a grower, packer, shipper, and marketer of superfruits such as cherries and berries, has raised $100 million in equity financing. This investment, led by Aliment Capital and supported by new and existing investors including Oaktree Capital Management cofounder Steve Kaplan, values the company at over $1 billion. AgroVision aims to leverage this funding to expand its tech-enabled superfruit platform amid a booming healthy snacking market. The company has become the newest unicorn in the awakening agtech sector, helping to satiate America's thirst for berries.