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Industries
Food & Agriculture
Company Size
201-500
Company Stage
Series E
Total Funding
$941M
Headquarters
South San Francisco, California
Founded
2013
Plenty is involved in indoor vertical farming, which allows for the growth of fresh produce in controlled environments. By stacking plants vertically, Plenty can maximize space and produce crops throughout the year, independent of weather conditions. This method uses less water and avoids harmful pesticides and GMOs, making it a sustainable alternative to traditional farming. The company sells its produce to grocery stores, restaurants, and directly to consumers who value high-quality and sustainable food options. Unlike many competitors, Plenty's focus on advanced farming techniques enables it to maintain a consistent supply of premium fruits and vegetables, which helps it command higher prices. The goal of Plenty is to transform food production by providing a reliable source of nutritious and environmentally friendly produce.
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Total Funding
$941M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Meanwhile vertical farming company Plenty filed for bankruptcy after raising nearly $1 billion, and Brazilian group JBS acquired The Vegetarian Butcher from Unilever.
As part of its restructuring plan, Plenty will focus on its strawberry farm in Virginia and its plant science research and development center in Wyoming.
Since its 2014 inception, South San Francisco-based Plenty has raised nearly $1 billion in funding from a variety of investors, including SoftBank Investment Advisers, Walmart, Bezos Expeditions, and Jeff Bezos as an angel investor.
/PRNewswire/ -- Plenty Unlimited Inc. ("Plenty" or the "Company"), an innovative agricultural technology company with a unique indoor vertical farming...
In many ways, onetime unicorn Plenty’s highly publicized 90% valuation slash in January felt like the end of a long, drawn-out death sentence for large-scale vertical farms growing leafy greens. But was it actually?. Events from the last couple years would suggest as much, with companies that had raised hundreds of millions ceasing operations, declaring insolvency and the like. Apart from Oishii, which grows strawberries, not a single vertical farming company raised north of $100 million in 2024. The highest funding figure for a leafy greens grower in that year was $59.5 million raised by Vertical Harvest
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Discover companies similar to Plenty®
Industries
Food & Agriculture
Company Size
201-500
Company Stage
Series E
Total Funding
$941M
Headquarters
South San Francisco, California
Founded
2013
Find jobs on Simplify and start your career today
Discover companies similar to Plenty®