Monday, August 17, 2020

Indoor Farning: AppHarvest Raises Another $28 Million To Fund World's Largest Greenhouse (and more)

Beyond Meat rival, Impossible Foods, seems to be enlarging their footprint in a few different ways,
From AgFunder News:

AppHarvest raises $28m as Martha Stewart & Impossible Foods’ CFO join board
High-tech greenhouse startup AppHarvest has closed a $28 million Series C funding, added some big names to its board, and created a new chief people officer position.

Narya, the new venture capital firm co-founded by author of best-selling novel Hillbilly Elegy J.D. Vance and Colin Greenspon as well as backed by leading entrepreneur and venture capitalist Peter Thiel, led the investment round with participation from existing investors ValueAct Capital’s Spring Fund, Revolution’s Rise of the Rest Seed Fund, and Equilibrium, which has provided nearly $100 million in project financing to date.

The round also brought on new investors including James Murdoch’s private investment firm Lupa Systems, early Facebook investor Jim Breyer’s Breyer Capital, food and agriculture fund S2G Ventures, NBA legend Kevin Johnson’s Black Capital, and Endeavor Catalyst, the co-investment vehicle through which Endeavor invests into companies founded by its entrepreneurs.
This brings the startup’s total funding to $150 million.

AppHarvest founder and CEO Jonathan Webb said that the startup wasn’t looking for a raise when investors began approaching them. The round – oversubscribed by double, he says – closed lightning quick....

Aug. 14
Beyond Meat Competitor Impossible Foods Raises $200 Million Series G Round
August 15
"Pricey Greens From Indoor Farms Are Thriving in the Covid Era"

And hundreds more, use the 'search blog' box if interested.