What is Plenty?
Founded in 2014 and headquartered in San Francisco, California, Plenty is an American farming technology company dedicated to overcoming the limitations of traditional agriculture. By leveraging advanced technology, Plenty's operations are free from the constraints of weather, seasons, time, distance, pests, and climate. The company specializes in producing pesticide-free produce using significantly less space and water than conventional farming methods, positioning itself as a leader in sustainable and efficient food production. Its innovative approach to vertical farming aims to deliver fresh, high-quality produce year-round.
How much funding has Plenty raised?
Plenty has raised a total of $935M across 5 funding rounds:
Series A
$20M
Series B
$200M
Series C
$175M
Series D
$140M
Series E
$400M
Series A (2016): $20M, investors not publicly disclosed
Series B (2017): $200M led by Innovation Endeavors, SoftBank Corp, Finistere, Data Collective, DCM Ventures, and Bezos Expeditions
Series C (2019): $175M, investors not publicly disclosed
Series D (2020): $140M featuring Driscoll’s and Softbank Vision Fund 1
Series E (2022): $400M backed by JS Capital Management, One Madison Group, SoftBank Vision Fund 1, and Walmart
Key Investors in Plenty
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm that invests in visionary founders and transformational technologies, with a focus on emergent ecosystems and industries like agriculture.
SoftBank Corp
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, and AI, with significant investments in disruptive technologies worldwide.
Walmart
Walmart Inc. is a global retail giant that operates retail, wholesale, and e-commerce units, with strategic investments in companies that enhance its supply chain and product offerings.
What's next for Plenty?
With the recent influx of $400M in major strategic investment, Plenty is poised for significant expansion and technological advancement. This enterprise-level funding, contributing to a total of $935M, will likely fuel the scaling of its operations, further research and development into advanced farming techniques, and the expansion of its distribution networks. The company's focus on sustainability and resource efficiency aligns with growing global demand for eco-friendly food solutions, suggesting a strong trajectory for future growth and market penetration.
See full Plenty company page
