Shares of AppHarvest Inc., the first greenhouse company to go public via reverse IPO, soared 44% in trading Monday. The company APPH, -4.28%, whose goal is to operate a dozen greenhouses by 2025, is focused on producing tomatoes, berries, leafy greens, and cucumbers. “We want to build a better food company, one that is …
New York-based indoor ag company Gotham Greens raises $87 million
BACK TO NEWS “Gotham Greens’ latest round takes the company to a whopping total of $130 million in funding since its launch. Investors in the round included Manna Tree and The Silverman Group.” — Tech Crunch READ MORE AT TECHCRUNCH
Investment group takes stake in greenhouse suppliers Prins Group and Stolze
BACK TO NEWS “HAL Investments is working on a new portfolio of companies in the horticultural supply chain that can support each other on an individual project basis for large, complex and international projects that are increasingly initiated by investors” — HortiDaily READ MORE AT HORTIDAILY
BrightFarms Raised $100M Series E for its Indoor Farms
BACK TO NEWS “BrightFarms has raised a $100 million Series E round of funding for its indoor farms, Food Navigator reported yesterday. The round was led by Cox Enterprises, with participation from Catalyst Investors, and brings the total amount raised by BrightFarms to nearly $213 million.” — The Spoon READ …
Funding the Indoor AgTech Space
BACK TO NEWS “Lenders don’t work like equity investors or like private investors. They have checklists and black boxes that they use and you are not going to be able to charm them, or impress them with your vision, into committing earlier.” — Nicola Kerslake, Contain Founder, Vertical Farm Podcast …