What is Bowery Farming?
Founded in 2015 and headquartered in New York, New York, Bowery Farming operates advanced indoor farms utilizing proprietary technology to grow a variety of produce, including kale, lettuce, arugula, and basil. The company's innovative approach addresses critical challenges in traditional agriculture, such as land use, water consumption, and supply chain inefficiencies. By leveraging AI and automation, Bowery Farming aims to provide fresh, high-quality produce year-round, irrespective of external climate conditions, thereby enhancing food security and reducing environmental impact. Their commitment to sustainability and technological advancement positions them at the forefront of the agritech revolution.
How much funding has Bowery Farming raised?
Bowery Farming has raised a total of $609.7M across 5 funding rounds:
Private Equity
$7.5M
Series A
$22.2M
Series B
$130M
Series C
$300M
Debt
$150M
Private Equity (2017): $7.5M with participation from First Round Capital, Lerer Hippeau Ventures, and Box Group
Series A (2017): $22.2M led by GV, GGV Capital, and General Catalyst
Series B (2019): $130M supported by Henry Kravis, General Catalyst, Dara Khosrowshahi, Temasek, GV, First Round Capital, Almanac, and GGV Capital
Series C (2021): $300M featuring GV, Chris Paul, José Andrés, General Catalyst, Fidelity Management & Research Company, Groupe Artemis, Temasek, Justin Timberlake, GGV Capital, Lewis Hamilton, Gaingels, Natalie Portman, and Amplo Global
Debt (2022): $150M backed by KKR
Key Investors in Bowery Farming
First Round Capital
First Round Capital is a venture capital firm that invests in innovative startups across various sectors, focusing on supporting entrepreneurs and driving significant results through a strong track record of successful exits.
GV
GV is a venture capital firm that invests across multiple stages and sectors, with a focus on enterprise solutions, life sciences, consumer products, and frontier technology innovations globally.
GGV Capital
GGV Capital is a global venture firm investing in seed-to-growth stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors, with a focus on local founders.
What's next for Bowery Farming?
The substantial enterprise-level backing and recent strategic investment signal a pivotal phase for Bowery Farming. This capital infusion is anticipated to accelerate the company's expansion into new markets, enhance its technological infrastructure, and potentially broaden its product offerings. The focus on strategic partnerships and continued innovation suggests a trajectory aimed at solidifying its leadership in the indoor farming industry and scaling its operations to meet increasing global demand for sustainable food solutions. Future developments may include further technological integration and strategic acquisitions to bolster its competitive edge.
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