Venture Capital News: Bowery Farming Scores $90M Funding
2018-12-13
NEW YORK, NY, Bowery Farming has raised $90 million in new funding, led by GV (formerly Google Ventures).
Bowery Farming has raised $90 million in new funding, led by GV (formerly Google Ventures), with participation from Temasek and Almanac Ventures. Our Series A investors, General Catalyst and GGV Capital, as well as a number of our seed investors, including First Round Capital, also participated in the round.
Bowery is growing food for a better future by revolutionizing agriculture. Our modern farming company combines the benefits of the best local farms with advances made possible by technology to grow produce you can feel good about eating. BoweryOS, our proprietary software system, uses vision systems, automation technology, and machine learning to monitor plants and all the variables that drive their growth 24/7. Because we control the entire process from seed to store, Bowery farms use zero pesticides, 95% less water, and are 100+ times more productive on the same footprint of land than traditional agriculture. Bowery produce is currently available at select Whole Foods, Sweetgreen, Dig Inn, and Foragers stores in the Tristate area, and featured on the menus of Tom Colicchio's New York restaurants Craft and Temple Court. Based in New York City, the company has raised $117.5M from leading investors including GV, General Catalyst, GGV Capital, First Round Capital, Temasek and Almanac.
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