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Amount Raised
$12.5 Million
Round Type
Convertible Note
Investors
U.S. Bounti, Llc
Description
On August 7, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC. The agreement involves the issuance of a $12.5 million convertible note and a common stock purchase warrant. The funds will be utilized for working capital and general corporate purposes
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1 contactVerified contactsCraig H., Executive Officer, Director hidden
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech
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