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§ Private Profile · 1 Bridge St Ste 24, Irvington, New York, 10533, United States
Designs, builds, operates hydroponic greenhouse farms, growing local leafy greens with controlled-environment agriculture.
BrightFarms has raised $210.3M across 7 funding rounds.
Key people at BrightFarms.
BrightFarms has raised $210.3M in total across 7 funding rounds.
Based in Irvington, New York, BrightFarms designs, finances, builds, and operates hydroponic greenhouse farms to supply locally grown leafy greens to urban and suburban consumer markets. The company utilizes controlled-environment agriculture to shorten the food supply chain, securing revenue through fixed-price produce purchase agreements that typically require 10-year commitments from commercial retail clients. Transitioning from an initial focus on schools to high-volume grocery retailers, the firm has garnered industry recognition, including being named among the top 50 most innovative companies by Fast Company. Current leadership includes CEO Steve Platt, formerly of Icelandic Provisions, while the indoor agriculture firm also gained federal representation when its president joined the USDA Fruit and Vegetable Advisory Committee. BrightFarms was founded in 2011 through the strategic merger of Better Food Solutions and BrightFarm Systems by Ted Caplow and Paul Lightfoot.
BrightFarms has raised $210.3M across 7 funding rounds. Most recently, it raised $100.0M Series E in October 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 21, 2020 | $100M Series E | — | Catalyst Investors | Announced |
| Jun 28, 2018 | $55M Series D | — | Catalyst Investors, Ngen Partners, WP Global Partners | Announced |
| Sep 21, 2016 | $30.1M Series C | Tyler Newton | Agustín Coppel Luken, Ngen Partners, WP Global Partners | Announced |
| Nov 6, 2015 | $13.7M Series B | Emil Capital Partners, Peter Grubstein, Greg Oberholtzer | TED Caplow | Announced |
| Jun 3, 2014 | $2.4M Series B Plus | Greg Oberholtzer | TED Caplow, Emil Capital Partners, Ngen Partners | Announced |
| Jan 29, 2014 | $4.9M Series B | TED Caplow | Christian Haub, Peter Grubstein | Announced |
| Dec 13, 2011 | $4.3M Series A | Ngen Partners | TED Caplow, Emil Capital Partners | Announced |
BrightFarms is a company that designs, finances, builds, and operates hydroponic greenhouse farms primarily located near supermarkets and urban areas to grow fresh, pesticide-free leafy greens and produce. It serves grocery retailers and consumers by providing locally grown, fresher produce that reduces transportation time, cost, and environmental impact. The company addresses the problem of long-distance food supply chains that increase carbon emissions and reduce produce freshness, offering a sustainable alternative with year-round, high-quality greens. BrightFarms has shown strong growth momentum, expanding its network of high-tech greenhouses across the U.S., including large facilities in Georgia, Texas, Illinois, and Pennsylvania, producing millions of pounds of leafy greens annually and supplying thousands of retail stores[1][2][4][5].
BrightFarms was founded with a mission to improve the environmental impact of the food supply chain and increase consumption of fresh fruits and vegetables by localizing production. The idea emerged from early projects placing small hydroponic greenhouses on school rooftops to educate about sustainable agriculture, evolving to larger commercial greenhouses on supermarket rooftops and urban infill spaces. The company’s pivotal moments include securing long-term purchase agreements with grocery retailers and expanding its footprint with state-of-the-art facilities powered by proprietary technology. BrightFarms was acquired by Cox Enterprises in 2021, which has supported its scaling efforts[1][2][4].
BrightFarms rides the trend of sustainable, local, and technology-driven agriculture, addressing growing consumer demand for fresh, environmentally responsible food. The timing is critical as urbanization, climate change, and supply chain disruptions increase the need for resilient food systems. Market forces such as retailer interest in local sourcing and consumer preference for fresh produce favor BrightFarms’ model. By pioneering scalable indoor hydroponic farming, BrightFarms influences the broader ecosystem by setting standards for profitability, sustainability, and innovation in controlled environment agriculture[1][2][3][4].
BrightFarms is positioned to continue expanding its footprint with new greenhouse facilities and advanced biotech research through BrightLabs, aiming to enhance crop quality and operational efficiency. Trends shaping its journey include increasing demand for local, sustainable food, advances in agricultural technology, and growing retailer partnerships. Its influence may evolve from a regional supplier to a national leader in indoor farming, potentially setting benchmarks for the future of food production and supply chain sustainability. The company’s integration of technology, sustainability, and scale ties back to its founding mission of transforming how fresh produce is grown and delivered to urban consumers[2][3][4].
Key people at BrightFarms.
BrightFarms has raised $210.3M in total across 7 funding rounds.
BrightFarms's investors include Catalyst Investors, NGEN Partners, WP Global Partners, Tyler Newton, Agustín Coppel Luken, Emil Capital Partners, Peter Grubstein, Greg Oberholtzer, Ted Caplow, Christian Haub.