• General
  • December 12, 2018
  • 5 minutes read

Bowery Raises $90 Million in New Funding led by Alphabet’s GV

image : Bowery Indoor farming startup Bowery has raised a $90 million round led by Alphabet’s GV with participation from…

image : Bowery



Indoor farming startup Bowery has raised a $90 million round led by Alphabet’s GV with participation from Almanac Ventures, Temasek and existing investors GGV Capital, First Round Capital, and General Catalyst. GV partner Andy Wheeler who is notable for investments including Carbon, Desktop Metal, Farmer’s Business Network and Abundant Robotics is joining Bowery’s board as part of this deal.

Bowery plans to focus this funding across three areas: building out its operations, expanding its products and partnerships and and growing its team to do both according to a company post. Its plan is to build a global distributed network of farms connected to each other through BoweryOS, the backbone of its indoor farming system.
image : Bowery

The company hopes to open multiple farms next year and has already begun work on its next farm outside the New York metropolitan area. Bowery packages its indoor grown products for customers, offering the opportunity to purchase fresh, local, pesticide-free produce throughout the year. It counts a distributed partnership with Amazon owned grocery retailer Whole Foods which has expanded and also salad chain sweetgreen and farm sourced restaurant chain Dig Inn.
In order to scale, Bowery has made hires in the fields of data science, software engineering, agricultural science, marketing, farming and more from companies like Goldman Sachs, Casper, NASA, Samsung, The Climate Corporation, Betterment, Bain and Unilever, possessing a diverse team to take on this task.

image : Bowery
Bowery operates two farms currently with a team of over 65 people across the two facilities. Including this round, it has raised over $100 million so far for its operations.


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