The Virginia-based company, which claims it’s the only U.S. indoor, soil-based farming firm growing USDA certified organic produce, announced it closed the Series D funding round Wednesday. European investment firm Movendo Capital and existing investors including S2G Ventures, Cascade Asset Management Company and XPV Water Partners also participated. (The Logic)

Talking point: Soli Organic marks the Quebec pension giant’s third agtech bet this year. The farming company plans to use the funds to expand to a total of 15 farms in the U.S. Investor interest in the sector has grown over the last decade, ballooning from just 324 agtech deals in 2013 to nearly 1,200 deals worth over US$33 billion in 2021, according to PitchBook data. The investment was in line with the Caisse de dépôt et placement du Québec’s Climate Innovation Fund’s goal to support innovative solutions to climate change, said Geneviève Bouthillier, the Caisse’s managing director of private mid-market companies, in a statement.