BrightFarms Secures $4,900,000 Series B Funding

  • Feed Type
  • Date
    1/29/2014
  • Company Name
    BrightFarms
  • Mailing Address
    211 East 48th Street 2nd Floor New York, NY 10017
  • Company Description
    BrightFarms designs, finances, builds and operates hydroponic greenhouse farms at supermarkets, eliminating time, distance and cost from the food supply chain. There is no cost to the supermarket retailer, only an obligation to purchase the produce. The company’s core value is ecological sustainability
  • Website
    http://www.brightfarms.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,900,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The new capital will enable the company to respond to strong demand from the supermarket industry and cities to build commercial-scale greenhouses to meet the increasing demand for locally-grown, great-tasting produce. In addition, BrightFarms will further invest in its capacity to provide its clients with a fanatical level of customer service.
  • M&A Terms
  • Venture Investor
    NGEN Partners
  • Venture Investor
    Emil Capital Partners
  • Venture Investor
    Undisclosed

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