Local Bounti
HAMILTON, Montana, United States · Agriculture And Farming, Data And Analytics, Farming
Local Bounti is revolutionizing the way produce is grown and delivered by providing fresh, locally grown, non-GMO greens year-round. Using advanced greenhouse technology, Local Bounti grows sustainable, root-on living products with 90% less water and land than traditional farming. With a focus on flavor, nutrition, and reduced environmental impact, Local Bounti brings the farm to your kitchen—fres
Key facts
- Headquarters
- HAMILTON, Montana, United States
- Employees
- 146
- Industries
- Agriculture And Farming, Data And Analytics, Farming
- Status
- Public (LOCL)
- Website
- https://localbounti.com/
- Company page
Recent activity at Local Bounti
- : SEC 8-K (1.01): On August 7, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC. This agreement entails the issuance of a $12.5 million convertible note and a warrant to purchase 1,000,000 shares of common stock at $1.37 per share. The proceeds will be used for working capital and general corporate purposes. Key terms include a 7.0% annual interest rate with payments structured over several years and automatic conversions of the note into equity at multiple intervals. The agreement represents a significant funding mechanism for the Company's operations and strategic initiatives.
- : SEC 8-K (1.01): On August 7, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC. This agreement involves the issuance of a convertible note with an initial principal of $12.5 million and a common stock purchase warrant allowing the Purchaser to buy 1,000,000 shares of Local Bounti's common stock. The proceeds from this transaction will be used for working capital and general corporate purposes. The Note carries an interest rate of 7.0% per annum starting from the issuance date, providing the Company with essential funding for its operational needs.
- : Local Bounti Corporation Secures $12.5 Million in Funding
- : SEC 8-K (5.02): On June 17, 2026, Craig Hurlbert announced his intention to resign as Executive Chairman and a member of the Board of Directors of Local Bounti Corporation, effective June 18, 2026. Additionally, Matthew Nordby announced his resignation from the Board, also effective June 18, 2026. Hurlbert's role as Chairman and Nordby's role as Lead Independent Director, along with their committee positions, will be reorganized as the Board reduces its size from eight to six members. The Board appointed Travis Joyner as Chairman and Mark Nelson as Lead Independent Director on the same date. Their resignations were not due to any disagreement with the Company's management, ensuring a stable transition during this management change.
- : SEC 8-K (5.02): On May 14, 2026, Local Bounti Corporation announced the departure of Dane Almassy, the Chief Commercial Officer, with his employment ending on the same date. The Company provided Mr. Almassy with a separation agreement that includes severance benefits as outlined in his employment agreement dated July 15, 2025. He has 21 days to accept this separation agreement, which entitles him to salary and benefits accrued up to the Separation Date, along with continued salary and COBRA reimbursement for six months post-Separation Date, contingent upon signing the general release of claims. This change may impact key operational roles within the Company as they seek to fill the leadership position.
- : SEC 8-K (2.02): On May 13, 2026, Local Bounti Corporation announced its financial results for the three months ending March 31, 2026, through a press release. This report highlights the company's operational performance and financial condition during this quarter, providing key metrics and insights that stakeholders may find essential. Relevant figures or financial amounts are likely included within the press release as part of their quarterly reporting obligations. The announcement serves as an important update for investors and analysts monitoring the company's financial health and strategic direction.
- : SEC 8-K (2.02): On March 25, 2026, Local Bounti Corporation released its financial results for the three and twelve months ending December 31, 2025. This press release, which is included as Exhibit 99.1, outlines key financial metrics and performance indicators relevant to the company's operations over the reported period. The announcement is important for stakeholders as it provides insights into the company's financial health and strategic direction following the fiscal year. The results are essential for investors to assess Local Bounti's profitability and growth potential, especially amid ongoing market developments.
- : Local Bounti Corporation Secures $15 Million in Funding
- : SEC 8-K (1.01): On March 13, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC. The Agreement involves a convertible note with an initial principal balance of $15 million and a common stock purchase warrant allowing the Purchaser to acquire 5,500,000 shares of Common Stock. The Company plans to use the proceeds for working capital and capital expenditures. The Note has an interest rate of 7.0% per year and terms for conversion into shares of Common Stock starting from the fourth anniversary of the Issuance Date, which significantly impacts the Company's financing strategy and capital structure.
- : SEC 8-K (1.01): On March 13, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC. This agreement involves the purchase of a convertible note with an initial principal balance of $15.0 million, alongside a common stock purchase warrant that grants the Purchaser the right to acquire 5,500,000 shares of Local Bounti's common stock. The Company plans to utilize the proceeds from this transaction for working capital and general corporate purposes. The Note will accrue interest at a rate of 7.0% per year starting immediately. This strategic financing position will bolster the Company's capital base, enabling further operational flexibility and growth initiatives.
Local Bounti funding history
| Date | Round | Amount |
|---|---|---|
| Aug 2026 | Convertible Note | $12.5M |
| Mar 2026 | Convertible Note | $15.0M |
| Apr 2025 | Venture | $25.0M |
| Oct 2022 | Venture | $15.3M |
| Nov 2021 | Post-IPO Equity | Undisclosed |
Leadership
- Matthew Nordby, Director
- Edward Forst, Director
- Pamela Brewster, Director
- Mark Nelson, Director
- Travis Joyner, Executive Officer, Director
- Craig Hurlbert, Executive Officer, Director
- Dane Almassy, Chief Commercial Officer
- Kathleen Valiasek, Chief Executive Officer
- Craig Hurlbert, Executive Officer
- Anna Fabrega, Chief Executive Officer
- Margaret McCandless, Executive Officer
- Gary Hilberg, Executive Officer
Verified email and direct lines for Local Bounti’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
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About Local Bounti: questions and answers
What does Local Bounti do?
Local Bounti is revolutionizing the way produce is grown and delivered by providing fresh, locally grown, non-GMO greens year-round. Using advanced greenhouse technology, Local Bounti grows sustainable, root-on living products with 90% less water and land than traditional farming. With a focus on flavor, nutrition, and reduced environmental impact, Local Bounti brings the farm to your kitchen—fres
Where is Local Bounti headquartered?
Local Bounti is headquartered in HAMILTON, Montana, United States.
How many employees does Local Bounti have?
Local Bounti has about 146 employees.
Has Local Bounti raised funding?
Yes. Fundz has recorded 5 funding events for Local Bounti. The most recent, Convertible Note of $12.5M, was in Aug 2026.
Who leads Local Bounti?
Kathleen Valiasek is a Chief Executive Officer at Local Bounti.
What is the latest news on Local Bounti?
On Aug 07, 2026, SEC 8-K (1.01): On August 7, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC. This agreement entails the issuance of a $12.5 million convertible note and a warrant to purchase 1,000,000 shares of common stock at $1.37 per share. The
Is Local Bounti a public company?
Yes. Local Bounti is publicly traded under the ticker LOCL.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy