BrightFarms recently announced a $30.1 million Series C equity financing, led by growth equity firm Catalyst Investors and joined by existing investors WP Global Partners and NGEN Partners.
"With this financing, the largest equity investment to date in the controlled environment local produce industry, we have strengthened our leadership position in transforming America’s food system to include more fresh, healthy, local and sustainable produce on a commercial scale," CEO Paul Lightfoot says.
"Our nutritious and delicious baby greens and tomatoes are generally a week fresher than the long-distance products they replace on supermarket shelves." BrightFarms produce is currently available at leading retailers such as Mariano’s (Kroger), Giant Food (Ahold USA), McCaffrey’s, Wegman’s, ACME and ShopRite. Sourced directly from their greenhouses near Chicago, Washington, D.C. and Philadelphia, the produce is delivered within 24 hours of harvest.
"We’re humbled by this investment and by the commitment of our clients," Paul says. "We look forward to expanding to new markets in partnership with the strongest, most forward thinking retailers in the country. We also look forward to delivering fresh, locally grown food at scale to exponentially more consumers across America on a year-round basis."
For more information
BrightFarms, Inc
349 5th Ave
New York, NY 10016, USA
+1 212-358-1100
www.brightfarms.com
Announcements
Job Offers
- Retail Key Account Manager
- Sales Representative Southeastern US
- Bedding and Perennials Sales Manager Europe
- Horticultural Technician
- Agronomist
- Head Grower Strawberries, Norway
- Tissue Culture Laboratory Scientist
- Manager Operations & Logistics
- Vegetable Advisor (Permanent)
- Horticultural Commercial Director
"Tweeting Growers"
Top 5 - yesterday
- 10% increase of tomato production in the new Looije greenhouses
- AU: Provenance Propagation construction close to completion
- Busy days at GreenTech Americas 2023 in Mexico
- Indoor growers fight pests and diseases with LED lighting
- "If you don’t focus on the plant, you cannot develop the tech to be successful”
Top 5 - last week
- 10% increase of tomato production in the new Looije greenhouses
- How growers boost crop yields with greenhouse film EVO AC®
- Stronger plants & higher production with autonomous growing in Mexico
- AU: Provenance Propagation construction close to completion
- Thanks to air-conditioned greenhouses, Emirati producers can grow tomatoes during 45 °C summer
Top 5 - last month
- Japanese Berry Pop fresh strawberry seeds now available for global markets
- 10% increase of tomato production in the new Looije greenhouses
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- A greenhouse full of cherry blossoms in Hungary
- Combining aquaponics and hydroponics in a 2 hectare Bahrain facility
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