GV leads $90 million investment in Bowery to grow its indoor farming business

Source: VentureBeat
12/17/18, 11:45 AM | Indoor & Vertical Farming, Supply Chain | Indoor Farming, Investing, vertical farming

Khari Johnson for VentureBeat:  Vertical farming company Bowery Farming today announced the close of a $90 million funding round. The round was led by GV (formerly Google Ventures) with participation from Uber CEO Dara Khosrowshahi.

Bowery has opened two growing facilities near its headquarters in the New York area since the company began operations in February 2017.  The funding announced today will be used to open new facilities in additional not-yet-named cities by the end of 2019 and to support advances in company tech and innovation.

Bowery produces pesticide-free produce that is used at Whole Foods, New York City restaurants, and Sweetgreen, a vegetarian franchise restaurant that closed a $200 million funding round last month.

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