Plenty Secures $400 Million Series E

Jan 25, 2022•over 3 years ago

Amount Raised

$400 Million

Round Type

series e

San Francisco

Description

Plenty Unlimited Inc., an indoor, vertical farming technology company that can grow clean produce year-round, anywhere in the world, today announced it has secured $400 million in a Series E financing round, the largest investment to date for an indoor farming company. The round, led by new investors One Madison Group and JS Capital, includes participation from strategic partner Walmart and existing investor SoftBank Vision Fund 1. The funds will support Plenty’s growth strategy, including leveraging its technology platform to sell multi-crop farms directly to partners. At closing of the investment, representatives of both One Madison Group and Walmart will join Plenty’s Board of Directors.

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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