Five Acre Farms
$350,000 Equity Financing with additional $50,000 Convertible Debt Investment
Five Acre Farms markets local milk, egg, and apple products with each product fully traceable to the land and farm that produced it. Founded in 2010, Five Acre Farms' mission is to find sustainable farmers within a 275-mile radius of its Brooklyn, New York headquarters, pay them fairly, and make their products accessible to average Americans. Five Acre Farms currently distributes its goods to more than 350 retail outlets, restaurants, cafes, and hotels across New York, New Jersey, and Connecticut. Since 2014, it has paid a total of more than $1,000,000 above market price back to its network of 25 partner farms.
Financing Purpose & Date:
November 2016 financing helped Five Acre Farms launch new yogurt and kefir products and expand its staff to 14 full time employees. Follow-on February 2018 financing is helping Five Acre Farms to continue to grow and scale the business.
These investments will have a ripple effect of benefits: more jobs at Five Acre Farms, increased sales for its growing farmer network, and more healthy, locally grown food for area consumers. In 2017, Five Acre Farms purchased more than $2 million in products grown by Northeast farmers. Its Buttermilk was recently featured on Martha Stewart’s Baked.