Thrive Agritech, Inc., a technology company focused on leading innovations in LED horticulture lighting (“Thrive”), today announced that it has received an additional $2 million in equity capital to accelerate the development and deployment of its LED technology in controlled environment agriculture. The investment round was led by Rose Capital, a New York-based institutional investor. In conjunction with the investment round, Rose Capital has also joined Thrive’s Board of Directors.

The financing round – and new partnership with Rose Capital – follows an exceptional year for Thrive Agritech, which saw a rapidly expanding customer base with lighting installations in greenhouses, vertical farms and cannabis production facilities across North America.