# Bowery Farming

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bowery-farming

- Industry: Agribusiness
- Headquarters: New York, US
- Website: www.bowery.co
- Total disclosed funding: $601M
- Latest round: Series D (Oct 25, 2023)
- Investors on record: 14

## About

Based in New York, US, and founded in 2015 by its CEO, Irving Fain, Bowery Farming Inc., formerly known as Nibi, Inc., operates as a vertical farming company that has smart indoor farms near cities to grow fresher, pesticide-free, protected produce. In October 2023, Bowery Farming Inc. raised USD 85.4 million in Series D funding from S12F and Inertia Ventures, valuing Bowery Farming Inc. at USD 924.70 million post-money.

Bowery Farming, Inc. offers sustainable produce, such as lettuces, mixes, dark leafy greens, herbs, and other farmer's selection products, across the United States. The company serves e-commerce platforms and more than 850 grocery stores in the Mid- and Northeast Atlantic regions, including Amazon Fresh, Whole Foods Market, Weis, Walmart, Giant Food, Albertsons Companies, and specialty grocers. In addition, the firm has BoweryOS software that integrates hardware sensors, software, artificial intelligence, machine learning models, computer vision systems, and robotics to automate and orchestrate its operations.

The organization generates revenue from selling its plant-based products through major e-commerce platforms and more than 850 grocery stores across the US.

## Funding rounds

- Series D, Oct 25, 2023, $85M — Inertia Ventures, S12F
- Series C, Aug 13, 2021, $75M — General Catalyst Partners, Granite Asia, Fidelity Investments, GV, Temasek Holdings, Groupe Artemis, Gaingels, Amplo
- Series C, May 18, 2021, $321M — General Catalyst Partners, Granite Asia, Fidelity Investments, GV, Temasek Holdings, Groupe Artemis, Gaingels, Amplo
- Series B, Dec 12, 2018, $90M — Temasek Holdings, GV, Almanac
- Series A, Apr 28, 2017, $22M — General Catalyst Partners, Granite Asia, First Round Capital, GV
- Seed, Feb 23, 2017, $7.5M — First Round Capital, Lerer Hippeau Ventures, BoxGroup

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A
- Lerer Hippeau Ventures — Seed
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series C
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A, Series C
- GV (https://capitalatlas.ai/funds/gv) — Series A, Series B, Series C
- Temasek Holdings — Series B, Series C
- Almanac (https://capitalatlas.ai/funds/almanac) — Series B
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series C
- Groupe Artemis — Series C
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series C
- Amplo (https://capitalatlas.ai/funds/amplo) — Series C
- Inertia Ventures (https://capitalatlas.ai/funds/inertia-ventures) — Series D
- S12F (https://capitalatlas.ai/funds/s12f) — Series D