Fundz

Plenty Secures $140 Million in its Series D Financing Round

PRIVATEOct 14, 2020

Amount Raised

$140 Million

Round Type

Series D

San Francisco

Description

Plenty Unlimited Inc., today announced it has secured a $140 million USD Series D round, led by existing investor Softbank Vision Fund 1 and including new investor Driscoll’s, the world’s leader in fresh berries. The investment will be used to fuel Plenty’s growth, including the execution of recently announced commercial collaborations with Albertsons and Driscoll’s, and the development of its new farm in Compton, California. To date, Plenty has raised over $500 million, making it the leader in sustainable, indoor vertical farming.

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Company Information

Company

Plenty

Location

San Francisco, California, United States

About

Plenty is rewriting the rules of agriculture through its technology platform that can grow clean produce anywhere in the world, year round, with unprecedented yield and peak season quality. Plenty’s proprietary approach preserves the world’s natural resources, makes nutritious produce available to all communities and creates resilience in our food systems against weather, location, pests and climate. Plenty's headquarters are in South San Francisco, and the company operates the largest of its kind indoor plant science research facility in Laramie, Wyoming. Plenty is currently building the world's highest-output, vertical, indoor farm in Compton, California. For more information, follow us on Twitter, Instagram, Facebook or LinkedIn, or visit www.plenty.ag.

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