BrightFarms Lands $4,300,000 Series A Round

  • Feed Type
  • Date
    12/14/2011
  • Company Name
    BrightFarms
  • Mailing Address
    211 East 48th Street New York, NY 10017
  • Company Description
    BrightFarms designs, finances, builds and operates hydroponic greenhouse farms at supermarkets, eliminating time, distance and cost from the food supply chain. There is no cost to the supermarket retailer, only an obligation to purchase the produce. The company’s core value is ecological sustainability
  • Website
    http://www.brightfarms.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,300,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The proceeds of the financing will allow BrightFarms to respond to strong demand from the supermarket industry to construct commercial greenhouses on site at supermarkets. In addition, BrightFarms will further invest in its capacity to provide its clients with a fanatical level of customer service.
  • M&A Terms
  • Venture Investor
    NGEN Partners
  • Venture Investor
    Emil Capital Partners
  • Venture Investor
    Undisclosed