The foodtech startups announced a combined $275 million in new investments Wednesday.
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Plenty IPO |
Plenty (formerly “See Jane Farm”) was founded in 2014 by Jack Oslan, Matt Bernard, Nate Mazonson, and Nate Storey. The company has not officially endorsed a plan to participate in an IPO.
Plenty is an agriculture technology company that operates indoor vertical farming locations that use less space and fewer resources to grow produce. The company has raised nearly $400 million in Venture Capital funding from investors including Group 11, Moore Capital Management, Slice Technologies, Softbank Investment Advisors, Bezos Expeditions, Data Collective, DCM Ventures, Finistere Ventures, Innovation Endeavors, and Kirenaga Partners. It has been widely reported that Plenty last raised $175 million in 2019 at a post-money valuation of over $1 billion.
The foodtech startups announced a combined $275 million in new investments Wednesday.
Vertical-farm company Plenty Unlimited Inc. said it has raised $140 million in fresh financing led by existing backer SoftBank Group Corp. along with new investor Driscoll’s Inc.
The partnership with Albertsons marks the vertical farming company's first major retail deal.
The 3rd hour of TODAY goes inside Plenty, an indoor farm startup near San Francisco hoping to transform the way the world eats by changing how food is grown. Watch as founder Matt Barnard walks through the farm’s process.
SoftBank Vision Fund, the huge tech-investment vehicle helmed by Japanese billionaire Masayoshi Son, has led a $200 million investment into indoor farming startup Plenty. Joining Son are notable tech billionaires Eric Schmidt and Jeff Bezos. Plenty farms can grow anything except tree fruit and root…
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