About AppHarvest
AppHarvest is a company based in Morehead (United States) founded in 2014 by Jonathan Webb.. AppHarvest has raised $93 million across 4 funding rounds from investors including EQ Capital, Narya VC and ValueAct Capital. The company has 478 employees as of December 31, 2022. AppHarvest has completed 1 acquisition, including Root AI. AppHarvest operates in a competitive market with competitors including BrightFarms, 80 Acres Farms, Gotham Greens, Little Leaf Farms and Plenty, among others.
- Headquarter Morehead, United States
- Employees 478 as on 31 Dec, 2022
- Founders Jonathan Webb
- Stage Public
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$93 M (USD)
in 4 rounds
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Latest Funding Round
$28 M (USD), Post-IPO
Aug 06, 2020
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Investors
EQ Capital
& 8 more
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Employee Count
478
as on Dec 31, 2022
- Investments & Acquisitions
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Funding Insights of AppHarvest
AppHarvest has successfully raised a total of $93M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $28 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $28.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Post-IPO - AppHarvest | Valuation |
investors |
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| Jan, 2020 | Amount | Series A - AppHarvest | Valuation | ValueAct Capital , Equilibrium |
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| Mar, 2019 | Amount | Series A - AppHarvest | Valuation | ValueAct Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AppHarvest
AppHarvest has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include EQ Capital, Narya VC and ValueAct Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments in technology sectors are provided by Narya.
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Founded Year | Domain | Location | |
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Private equity investment firm based out of USA
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AppHarvest
AppHarvest has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Root AI. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-based robots for fruit harvesting in indoor farms are developed.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AppHarvest
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Appharvest Comparisons
Competitors of AppHarvest
AppHarvest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BrightFarms, 80 Acres Farms, Gotham Greens, Little Leaf Farms and Plenty, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Salad greens are produced and distributed through indoor farming facilities.
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| domain | founded_year | HQ Location |
Indoor hydroponic farming of vegetables and herbs is provided.
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| domain | founded_year | HQ Location |
Integrated pesticide-free cultivation and supply of produce using hydroponic
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| domain | founded_year | HQ Location |
Leafy greens are produced and supplied via hydroponic techniques.
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| domain | founded_year | HQ Location |
Vertical farming technology is used to grow fresh produce.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Appharvest
Frequently Asked Questions about AppHarvest
When was AppHarvest founded?
AppHarvest was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is AppHarvest located?
AppHarvest is headquartered in Morehead, United States. It is registered at Morehead, Kentucky, United States.
Who is the current CEO of AppHarvest?
Jonathan Webb is the current CEO of AppHarvest. They have also founded this company.
Is AppHarvest a funded company?
AppHarvest is a funded company, having raised a total of $93M across 4 funding rounds to date. The company's 1st funding round was a Series A of $82M, raised on Feb 14, 2018.
How many employees does AppHarvest have?
As of Dec 31, 2022, the latest employee count at AppHarvest is 478.
What does AppHarvest do?
AppHarvest was founded in 2014 in Morehead, United States, within the agriculture technology sector. Operations focus on controlled-environment farming, where vegetables are cultivated in high-tech indoor facilities utilizing natural sunshine and rainwater. Robotics and artificial intelligence are employed for planting, monitoring, and harvesting processes to support a reliable food supply chain. Products are distributed to various markets from this primary location.
Who are the top competitors of AppHarvest?
AppHarvest's top competitors include Gotham Greens, Little Leaf Farms and 80 Acres Farms.
How many acquisitions has AppHarvest made?
AppHarvest has made 1 acquisition, including Root AI.
Who are AppHarvest's investors?
AppHarvest has 9 investors. Key investors include EQ Capital, Narya VC, ValueAct Capital, Revolution, and Lupa Systems.