# BrightFarms

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brightfarms

- Industry: Agribusiness
- Headquarters: New York, US
- Website: www.brightfarms.com
- Total disclosed funding: $175M
- Latest round: Series E (Oct 20, 2020)
- Investors on record: 6

## About

BrightFarms, Inc., based in New York, specializes in the cultivation and distribution of fresh, locally-grown greens using innovative greenhouse farming techniques to ensure healthy, sustainable produce for consumers.Founded in 2011, BrightFarms, Inc. operates in New York, US, focusing on sustainable salad production. The company has raised USD 65.00 mn through various funding rounds, with the latest being a Series E, led by Cox Enterprises Inc. Its valuation as of now stands at USD 186.48 mn.BrightFarms specializes in the cultivation and distribution of fresh, locally-grown greens, primarily Sunny Crunch lettuce. Their innovative greenhouse farming eliminates the need for pesticides and supports sustainable practices, ensuring fast delivery of fresh produce to urban markets, grocery retailers, and restaurants.BrightFarms generates revenue through a B2B distribution model, partnering with grocery retailers and selling directly to consumers. Their offerings, especially Sunny Crunch lettuce and salad kits, cater to health-conscious clients, ensuring consistent availability and pricing stability in line with growing demand.In August 2021, Cox Enterprises Inc. acquired BrightFarms, Inc. This acquisition aims to expand Cox's reach within the salad category and build a national network of high-tech farms that will promote the transition to indoor farming. Future plans include developing new products and expanding to new geographic markets.

## Funding rounds

- Series E, Oct 20, 2020, $65M — Catalyst, Cox Enterprises Inc.
- Series D, Jun 28, 2018, $55M — NGEN Partners, Catalyst, WP Global Partners, Cox Enterprises Master Trust
- Series C, Sep 21, 2016, $30M — NGEN Partners, Catalyst, WP Global Partners
- Series B, Nov 5, 2015, $14M — NGEN Partners, WP Global Partners, ECP Growth
- Series B, Jun 3, 2014, $2.4M — NGEN Partners, WP Global Partners, ECP Growth
- Series B, Jan 28, 2014, $4.9M — NGEN Partners, ECP Growth
- Series A, Dec 12, 2011, $4.3M — NGEN Partners, ECP Growth

## Investors

- NGEN Partners (https://capitalatlas.ai/funds/ngen-partners) — Series A, Series B, Series C, Series D
- ECP Growth (https://capitalatlas.ai/funds/ecp-growth) — Series A, Series B
- WP Global Partners — Series B, Series C, Series D
- Catalyst (https://capitalatlas.ai/funds/catalyst) — Series C, Series D, Series E
- Cox Enterprises Master Trust — Series D
- Cox Enterprises Inc. — Series E