About Springworks Farm
Springworks Farm is a company based in Lisbon (United States) founded in 2014 by Trevor Kenkel.. Springworks Farm has raised $41.52 million across 7 funding rounds from investors including Farm Credit East and Blue Highway Capital. Springworks Farm offers products and services including Organic Lettuce and Assorted Greens. Springworks Farm operates in a competitive market with competitors including Future Tech Farm, Floraponics, Cloud Produce, Grow with the Flow Aquaponics and City Farm Fish, among others.
- Headquarter Lisbon, United States
- Founders Trevor Kenkel
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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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- Legal Name Springworks Farm Maine, Inc.
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Annual Revenue
$00as on May 03, 2016
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Net Profit
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EBITDA
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Total Equity Funding
$41.52 M (USD)
in 7 rounds
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Latest Funding Round
$3.29 M (USD), Debt – Conventional
Jul 25, 2024
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Investors
Farm Credit East
& 1 more
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Employee Count
Employee Count
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Products & Services of Springworks Farm
Springworks Farm offers a comprehensive portfolio of products and services, including Organic Lettuce and Assorted 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.
Pesticide-free greens grown via aquaponics for sustainable local supply
Varieties of organic produce for supermarkets and direct sales
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Funding Insights of Springworks Farm
Springworks Farm has successfully raised a total of $41.52M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.29 million completed in July 2024. 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 7
- Last Round Debt – Conventional — $3.3M
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First Round
First Round
(03 May 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Debt – Conventional - Springworks Farm | Valuation |
investors |
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| Feb, 2023 | Amount | Debt – Conventional - Springworks Farm | Valuation |
investors |
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| Feb, 2023 | Amount | Series A - Springworks Farm | 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 Springworks Farm
Springworks Farm has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Farm Credit East and Blue Highway 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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Founded Year | Domain | Location | |
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Agricultural financing and services are provided by Farm Credit East.
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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 Springworks Farm
| 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 |
Financial Statements - Springworks Farm
| 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 |
Springworks Farm Comparisons
Competitors of Springworks Farm
Springworks Farm 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 Future Tech Farm, Floraponics, Cloud Produce, Grow with the Flow Aquaponics and City Farm Fish, 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 |
Develops decentralized and distributed aquaponics farms for sustainable agriculture.
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| domain | founded_year | HQ Location |
Aquaponics-based solutions are provided for floral farming practices.
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| domain | founded_year | HQ Location |
Organic greens are produced using AI-controlled vertical aquaponic systems.
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| domain | founded_year | HQ Location |
Sustainable floral arrangements are grown and designed via aquaponics.
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| domain | founded_year | HQ Location |
City Farm Fish specializes in indoor aquaponic cultivation of fish and vegetables.
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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 Springworks Farm
Frequently Asked Questions about Springworks Farm
When was Springworks Farm founded?
Springworks Farm was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Springworks Farm located?
Springworks Farm is headquartered in Lisbon, United States.
Who is the current CEO of Springworks Farm?
Trevor Kenkel is the current CEO of Springworks Farm. They have also founded this company.
Is Springworks Farm a funded company?
Springworks Farm is a funded company, having raised a total of $41.52M across 7 funding rounds to date.
What does Springworks Farm do?
Springworks Farm was founded in 2014 and is located in Lisbon, United States. Operations center on the agriculture sector, where aquaponic technology is employed to grow organic lettuce. Environmental conditions are managed by the system to shield plants from pests. The portfolio encompasses organic baby green romaine lettuce, organic Boston bibb lettuce, organic green leaf lettuce, and additional varieties.
Who are the top competitors of Springworks Farm?
Springworks Farm's top competitors include Floraponics, Cloud Produce and Grow with the Flow Aquaponics.
What products or services does Springworks Farm offer?
Springworks Farm offers Organic Lettuce and Assorted Greens.
Who are Springworks Farm's investors?
Springworks Farm has 2 investors. Key investors include Farm Credit East, and Blue Highway Capital.