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App Harvest, Inc. announced it raised $10.9 Million in an initial filing from an offering of $14 Million

Feb 03, 2020almost 6 years ago

Amount Raised

$10.9 Million

Morehead

Company Information

Company

AppHarvest, Inc.

Location

401 W. MAIN STREET, SUITE 321

Morehead, Kentucky, United States

About

AppHarvest is a sustainable food company in Appalachia developing and operating some of the world’s largest high-tech indoor farms with robotics and artificial intelligence to build a reliable, climate-resilient food system. AppHarvest’s farms are designed to grow produce using sunshine, rainwater and up to 90% less water than open-field growing, all while producing yields up to 30 times that of traditional agriculture and preventing pollution from agricultural runoff. AppHarvest currently operates its 60-acre flagship farm in Morehead, Ky., producing tomatoes, a 15-acre indoor farm for salad greens in Berea, Ky., a 30-acre farm for strawberries and cucumbers in Somerset, Ky., and a 60-acre farm in Richmond, Ky., for tomatoes. The four-farm network consists of 165 acres under glass. AppHarvest is a public benefit corporation and a Certified B Corp.

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