About Local Bounti
Local Bounti is a company based in Ravalli (United States) founded in 2018.. The company has 333 employees as of December 31, 2024. Local Bounti has completed 1 acquisition, including Pete's. Local Bounti offers products and services including Living Greens, Salad Kits, Leafy Greens, and Herbs. Local Bounti operates in a competitive market with competitors including 80 Acres Farms, Fieldless, LandCraft Retail, Planet Farms and Hippo Harvest, among others.
- Headquarter Ravalli, United States
- Employees 333 as on 31 Dec, 2024
- 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
*********
- Legal Name Local Bounti Corporation
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Annual Revenue
$38.14 M38.4as on Dec 31, 2024
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Net Profit
$-119.9 M3.32as on Dec 31, 2024
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EBITDA
$-40.1 M38.59as on Dec 31, 2024
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Latest Funding Round
$25 M (USD), Post-IPO
Mar 31, 2025
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Investors
Fidelity Investments
& 3 more
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Employee Count
333
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Local Bounti
Local Bounti is a publicly listed company on the NYSE with ticker symbol LOCL in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Local Bounti
Local Bounti offers a comprehensive portfolio of products and services, including Living Greens, Salad Kits, Leafy Greens, and Herbs. 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.
Indoor-grown greens for fresh, long-lasting consumption.
Convenient kits with fresh greens for quick meal preparation.
Variety of greens grown sustainably for everyday use.
Aromatic herbs cultivated for culinary and household needs.
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Funding Insights of Local Bounti
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $25.0M
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First Round
First Round
(07 Sep 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Post-IPO - Local Bounti | Valuation |
investors |
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| Feb, 2024 | Amount | Debt – Conventional - Local Bounti | Valuation |
investors |
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| Oct, 2022 | Amount | Post-IPO - Local Bounti | Valuation |
investors |
| 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 Local Bounti
Local Bounti has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Fidelity Investments, BNP Paribas and United States Department of Agriculture. 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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Food, ingredients, agricultural solutions, and industrial products are provided globally.
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Founded Year | Domain | Location | |
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Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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Founded Year | Domain | Location | |
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Banking & financial service provider
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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 Local Bounti
Local Bounti has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pete's. 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
|
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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Vegetables including lettuce and kale are produced and supplied.
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1970 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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 - Local Bounti
| 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 |
Local Bounti Comparisons
Competitors of Local Bounti
Local Bounti 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 80 Acres Farms, Fieldless, LandCraft Retail, Planet Farms and Hippo Harvest, 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 |
Indoor hydroponic farming of vegetables and herbs is provided.
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| domain | founded_year | HQ Location |
Indoor automated vertical farming systems are operated for year-round produce.
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| domain | founded_year | HQ Location |
Tech-based solutions for indoor farming and resource management are provided.
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| domain | founded_year | HQ Location |
A vertical cultivation system for indoor farming is provided.
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| domain | founded_year | HQ Location |
Produce is grown in controlled greenhouses with targeted root nutrients.
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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 Local Bounti
Frequently Asked Questions about Local Bounti
When was Local Bounti founded?
Local Bounti was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Local Bounti located?
Local Bounti is headquartered in Ravalli, United States. It is registered at Ravalli, Montana, United States.
How many employees does Local Bounti have?
As of Dec 31, 2024, the latest employee count at Local Bounti is 333.
What is the annual revenue of Local Bounti?
Annual revenue of Local Bounti is $38.14M as on Dec 31, 2024.
What does Local Bounti do?
Local Bounti owns and operates agricultural farm through food and agriculture tech, crop tech, indoor farming, and diversified. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Local Bounti?
Local Bounti's top competitors include 80 Acres Farms, Hippo Harvest and Planet Farms.
What products or services does Local Bounti offer?
Local Bounti offers Living Greens, Salad Kits, Leafy Greens, and Herbs.
Is Local Bounti publicly traded?
Yes, Local Bounti is publicly traded on NYSE under the ticker symbol LOCL.
How many acquisitions has Local Bounti made?
Local Bounti has made 1 acquisition, including Pete's.
Who are Local Bounti's investors?
Local Bounti has 4 investors. Key investors include Fidelity Investments, BNP Paribas, United States Department of Agriculture, and Cargill.
What is Local Bounti's ticker symbol?
The ticker symbol of Local Bounti is LOCL on NYSE.