Plenty®

Plenty®

Indoor vertical farming for fresh produce

About

Plenty.ag specializes in indoor vertical farming, which allows for the year-round production of fresh and flavorful produce in controlled environments. By stacking plants vertically, Plenty uses less space and resources compared to traditional farming, significantly reducing water usage and eliminating the need for harmful pesticides and GMOs. The company primarily serves grocery stores, restaurants, and consumers who prioritize sustainability and high-quality food. Plenty's business model focuses on selling its produce directly to customers and through partnerships, leveraging advanced farming techniques to ensure a consistent supply of premium fruits and vegetables. This efficiency not only lowers operational costs but also enhances profitability. Plenty aims to transform food production by providing a sustainable and efficient alternative to conventional agriculture, catering to a growing market that values health and environmental responsibility.

Company Stage

Series E

Employees

201-500

Industries

Food & Agriculture

Total Funding

$915.3M

Headquarters

South San Francisco, California

Founded

2013


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Simplify's Take

What believers are saying

  • Partnership with 7-Eleven expands Plenty's reach in California with sustainable produce.
  • Joint venture with Mawarid to establish vertical farms in GCC, starting in Abu Dhabi.
  • Development of the world's largest vertical farming research center in Wyoming by 2025.

What critics are saying

  • Increased competition from vertical farming startups like Bowery Farming and AeroFarms.
  • High initial capital investment for new farms could strain financial resources.
  • Dependence on strategic partnerships, such as with Driscoll's, poses potential risks.

What makes Plenty® unique

  • Plenty uses 1% of the land required by traditional farms for leafy greens.
  • Plenty's vertical farms reduce water usage by up to 90% compared to traditional farming.
  • Plenty offers pesticide-free and GMO-free produce, ensuring high food safety standards.

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Growth & Insights
Headcount

6 month growth

7%

1 year growth

3%

2 year growth

7%

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