BrightFarms Raises $4.9M To Build Greenhouses On Urban Supermarkets
Ed Scarpo stashed this in Urban agriculture
Stashed in: Hydroponics
On January 28, 2014, New York City-based BrightFarms, Inc., which builds and operates hydroponic greenhouses farms in urban areas, announced it raised $4.9 million in Series B financing. The round was led by NGEN Partners, Emil Capital Partners and BrightFarms founder Ted Caplow. Additional participating investors include Paragon Foods president Elaine Bellin; Zac Zeitlin,founding principal at New Ground Ventures; and Todd Kimmel, founder of Coskata, former partner at Mayfield Fund and now founding principal at Montage Ventures. This latest round brings the company’s aggregate funding to $9.2 million.