BrightFarms grows local produce, nationwide. By financing, building, and operating local greenhouse farms, BrightFarms eliminates time, distance, and costs from the food supply chain. Borrowing from the highly successful renewable energy industry, BrightFarms signs long-term purchase agreements with supermarkets that feature fixed prices and minimum volume commitments. BrightFarms' growing method uses far less land and water than conventional agriculture, and its urban locations create local green jobs and help to bring healthy, fresh produce to neighborhoods. BrightFarms' partnerships with supermarkets, cities, capital sources, and vendors allow it to develop markets and projects faster and better than any competitor.
Date | Amount | Type | Investors | Valuation |
---|---|---|---|---|
01/28/14 | $4,900,000 | Series B |
Emil Capital Partners NGEN Partners Ted Caplow | undisclosed |
06/03/14 | $2,400,000 | Series B-1 |
Emil Capital Partners NGEN Partners Ted Caplow WP Global Partners | undisclosed |
09/22/16 | $30,100,000 | Series C |
Catalyst Investors NGEN Partners WP Global Partners | undisclosed |
06/28/18 | $55,000,000 | Series D |
Catalyst Investors Cox Enterprises NGEN Partners WP Global Partners | undisclosed |
10/20/20 | $100,000,000 | Series E |
Catalyst Investors Cox Enterprises | undisclosed |