Bowery Farming Raises $300M in Latest Funding Round

Bowery will use the money to expand its network of smart indoor farms across the United States.

Bowery Farming

Bowery Farming has raised $300 million in its latest funding round led by Fidelty Management & Research Company. Bowery will use the money to expand its network of smart indoor farms across the United States, further accelerating technological leadership, support ongoing research and product innovation efforts to bring crops beyond leafy greens to market and recruit top talent. Existing investors GV (formerly Google Ventures), General Catalyst, GGV Capital, Temasek, Groupe Artémis (Pinault-owned) also participated in the round.

“At Bowery, we’re reinventing a new supply chain that’s simpler, safer, more sustainable and ultimately provides vibrantly flavorful produce unlike what’s available today,” said Irving Fain, CEO and Founder of Bowery Farming. “This infusion of new capital from Fidelity, other new investors, and the additional support of our long-term investor partners is acknowledgement of the critical need for new solutions to our current agricultural system, and the enormous economic opportunity that comes with supporting our mission. This funding not only fuels our continued expansion but the ongoing development of our proprietary technology, which sits at the core of our business and our ability to rapidly and efficiently scale towards an increasingly important opportunity in front of us.”

Per Bowery Farming:

  • The Company has secured more than $472 million in funding to date, underscoring its commercial and category leadership, and bringing its valuation to $2.3 billion.
  • Now in over 850 grocery stores, Bowery has experienced more than 750% growth since January 2020 at brick-and-mortar.
  • Billions of data points that would have taken traditional farmers hundreds of years to gather. The funding will provide resources to accelerate advancements in farm design and the BoweryOS, enabling more and more communities access to a reliable supply of locally-grown produce, year-round.