TORONTO — Urban farm grocer Fresh City Farms announced today it has secured capital funding from several investors, including the Telus Pollinator Fund for Good.
The amount of funding was not disclosed in a press release. Other investors include Good & Well, Dragonfly Ventures, and Bennett Church Hill Capital.
The funding will help Fresh City expand services to include faster delivery, improved online experience and wider product assortment, the press release says.
In addition, the capital investment will enable Fresh City “to build out a new 11-acre urban farming destination in Toronto near Downsview Park bringing its vision of a ‘co-farming’ space to life,” the release reads.
“This funding will help us bring the best of seasonal produce, sustainable agriculture, and house-made prepared foods to as many Ontarians as possible,” said Ran Goel, founder and CEO of Fresh City, in the release.
“With the strong underlying growth in demand for organic and healthy food across Canada and the US, we saw an opportunity to support grocers that are providing access to local and healthy food at scale through strong business operations and innovative delivery models,” said Blair Miller, managing partner of the Telus Pollinator Fund for Good.
