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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Crispy indoor-grown lettuce for everyday salads and meals.
Pesticide-free greens harvested for fresh, year-round consumption.
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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 |
| 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 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. 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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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 |
| 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 BrightFarms
BrightFarms has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lef Farms. 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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Integrated business for soil-less cultivation of fruits & vegetables and supply of produce
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2015 |
| 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 - BrightFarms
| 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 |
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. 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 |
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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| 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 Brightfarms
Frequently Asked Questions about BrightFarms
When was BrightFarms founded?
BrightFarms was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is BrightFarms located?
BrightFarms is headquartered in New York, United States. It is registered at New York, New York, United States.
Is BrightFarms a funded company?
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.
How many employees does BrightFarms have?
As of Dec 31, 2022, the latest employee count at BrightFarms is 254.
What is the annual revenue of BrightFarms?
Annual revenue of BrightFarms is $1.02K as on Mar 31, 2023.
What does BrightFarms do?
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.
Who are the top competitors of BrightFarms?
BrightFarms's top competitors include AppHarvest, Gotham Greens and Little Leaf Farms.
What products or services does BrightFarms offer?
BrightFarms offers Sunny Crunch Salad and Leafy Greens.
How many acquisitions has BrightFarms made?
BrightFarms has made 1 acquisition, including Lef Farms.
Who are BrightFarms's investors?
BrightFarms has 8 investors. Key investors include United States Department of Agriculture, Cox Enterprises, Catalyst Investors, WP Global Partners, and NGEN Partners.
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