Urban Agriculture Startup Gotham Greens Closes $29 Million Round of Funding

Urban Agriculture Startup Gotham Greens Closes $29 Million Round of Funding

Gotham Greens, a technologically advanced urban agriculture startup, has closed a $29 million Series C financing round, bringing its total equity funding to $45 million, according to Fortune.

The Brooklyn-based company says the same investors that have backed them from the beginning continue to invest. “They’re sticking with the company. They like the profitability and the returns,” says co-founder and CEO Viraj Puri.

But a new investor, global investment company Creadev, joined the club with a “significant” investment. Creadev is funded by the Mulliez family– one of the wealthiest families in France.

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Jeff Bezos-Backed Farm Aims to Revolutionize Conventional Agriculture

Jeff Bezos-Backed Farm Aims to Revolutionize Conventional Agriculture

Foodable has reported on indoor vertical farming in the past, but this startup is getting a major boost early on as it expands to compete in new markets.

Plenty, a Bay Area-based, vertical farming startup, will be expanding into Washington state with the help of a $200 million investment from this summer.

The company is backed by Jeff Bezos among other investors, and it has set plans to open a 100,000-square-foot warehouse in greater Seattle area— in Kent, Washington, to be exact— to become Plenty’s second vertical farm location. The new facility will be twice the size of the original one.

Out of all the vertical farming startups, this company has been able to raise the most money. However, what is most significant about Plenty is not its ability to appeal to investors, but the fact that it will be able to grow 4.5 million pounds of greens annually.

As reported by “Business Insider,” the amount of produce that will be grown in this new facility will be “enough to feed around 183,600 Americans, according to the USDA.”

Founded in 2014, Plenty “claims to grow up to 350 times more greens than conventional farms of similar size, while using much less water and land,” according to “Business Insider.”

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Metropolis Farms Boosts Indoor Farming, Sustainable Food in Philly

Indoor farming is becoming increasingly more common. As the demand for local sourcing and ingredients increases, so too does the need for sustainable practices within food production. Philadelphia’s Metropolis Farms, located on South Water Street, fills both voids.

As Metropolis Farms President Jack Griffin recently told Technical.ly Philly, “We can grow more food in less space using less energy and water. The result is that I can replace 44,000 square feet with 36 square feet. When you hear those numbers, it kind of makes sense.”

The indoor farm is reportedly the first vegan-certified farm in the country. Read More

Jaime Guerrero Pushes for the World's First Fully Sustainable Restaurant, Provides Strategic Partnerships Between Students & Chefs

Jaime Guerrero Pushes for the World's First Fully Sustainable Restaurant, Provides Strategic Partnerships Between Students & Chefs

By Suzanne Deveney, Foodable Contributor

Ask Chicagoan Jaime Guerrero about his latest venture and the passion in his voice is unmistakable. 

A businessman by day working at one of the world’s largest marketing communications firms, Jaime is passionate about food: where it comes from, how it’s grown, and of course, cooking. As a trained personal chef, he regularly holds underground dinner events using only the highest quality ingredients he can find. 

“Over the years, I’ve developed relationships with several farmers in Illinois and Indiana, where I purchase beef, pork, and other meats and produce,” says Guerrero. He also grows his own herbs, but struggles with Chicago’s short growing season. 

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