About BrightFarms
BrightFarms is a company based in New York (United States) founded in 2008 was acquired by Cox Enterprises in August 2021. BrightFarms has raised $211.52 million across 9 funding rounds from investors including United States Department of Agriculture, Cox Enterprises and Catalyst Investors. The company has 254 employees as of December 31, 2022. BrightFarms has completed 1 acquisition, including Lef Farms. BrightFarms offers products and services including Sunny Crunch Salad and Leafy Greens. BrightFarms operates in a competitive market with competitors including AppHarvest, 80 Acres Farms, Gotham Greens, Little Leaf Farms and Plenty, among others.
- Headquarter New York, United States
- Employees 254 as on 31 Dec, 2022
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$1.02 K (USD)8as on Mar 31, 2023
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Net Profit
$493.18 (USD)108as on Mar 31, 2023
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EBITDA
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Total Equity Funding
$211.52 M (USD)
in 9 rounds
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Latest Funding Round
- Investors
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Employee Count
254
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Cox Enterprises
(Aug 17, 2021)
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Products & Services of BrightFarms
BrightFarms offers a comprehensive portfolio of products and services, including Sunny Crunch Salad and Leafy Greens.
Crispy indoor-grown lettuce for everyday salads and meals.
Pesticide-free greens harvested for fresh, year-round consumption.
People of BrightFarms
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Funding Insights of BrightFarms
BrightFarms has successfully raised a total of $211.52M across 9 strategic funding rounds. 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 9
- Last Round Last Round
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series E - BrightFarms | Valuation | Cox Enterprises | |
| Oct, 2020 | Amount | Debt – Conventional - BrightFarms | Valuation |
investors |
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| Jun, 2018 | Amount | Series D - BrightFarms | Valuation | Cox Enterprises |
Investors in BrightFarms
BrightFarms has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include United States Department of Agriculture, Cox Enterprises and Catalyst Investors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth equity venture capital firm
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage startups across sectors are invested in by NGEN Partners.
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Founded Year | Domain | Location |
Investments & Acquisitions by BrightFarms
BrightFarms has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lef Farms.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Integrated business for soil-less cultivation of fruits & vegetables and supply of produce
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2015 |
Financial Statements - BrightFarms
Brightfarms Comparisons
Competitors of BrightFarms
BrightFarms 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 AppHarvest, 80 Acres Farms, Gotham Greens, Little Leaf Farms and Plenty, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Vegetables are produced and supplied via AI-driven indoor farms.
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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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Frequently Asked Questions about BrightFarms
BrightFarms was founded in 2008 and raised its 1st funding round 2 years after it was founded.
BrightFarms is headquartered in New York, United States. It is registered at New York, New York, United States.
BrightFarms is a funded company, having raised a total of $211.52M across 9 funding rounds to date. The company's 1st funding round was a Series D of $55M, raised on Jul 08, 2010.
As of Dec 31, 2022, the latest employee count at BrightFarms is 254.
Annual revenue of BrightFarms is $1.02K as on Mar 31, 2023.
BrightFarms was established in 2008 in New York, United States, within the indoor agriculture sector. Various salad greens are cultivated in controlled environments without pesticides, herbicides, or fungicides. Produce is harvested and supplied to retailers across the region. Consumer resources, including recipes, are made available to support usage of the fresh greens. Operations emphasize sustainable farming practices for consistent quality.
BrightFarms's top competitors include AppHarvest, Gotham Greens and Little Leaf Farms.
BrightFarms offers Sunny Crunch Salad and Leafy Greens.
BrightFarms has made 1 acquisition, including Lef Farms.
BrightFarms has 8 investors. Key investors include United States Department of Agriculture, Cox Enterprises, Catalyst Investors, WP Global Partners, and NGEN Partners.