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BrightFarms
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Short description

Designer, builder and operator of hydroponic greenhouse farms at supermarkets

Founded in 2011
Founded in

Company type Acquired Public ()
Company type

Industry Group agriculture & food

Sector indoor farming

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters New York, NY New York, United States
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Updated by Cleantech Group on 11/09/2020

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  • 1 M&A items
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Date Company
05/03/2012

Homeland Stores Homeland Stores

BrightFarms and Homeland Stores partnered to build a greenhouse for the 76-store Oklahoma supermarket retailer. Homeland Stores committed to buy BrightFarms' produce by signing the grocery industry's second long-term Produce Purchase Agreement (PPA).

Confirmed by Homeland Stores

Partnerships
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Date Partner Type
11/01/2012
John Vena John Vena
BrightFarms is developing a new greenhouse located in Yardley, PA in collaboration with McCaffrey’s Supermarkets and John Vena, Inc.
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Confirmed by John Vena
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IPO INFORMATION

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IPO status

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Amount

Initial shares

Ticker symbol

Exchange listed

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Source

Description

Date Investors Type Amount
10/20/2020 Cox Enterprises Cox Enterprises (1)
Post-money valuation of
The funds will help expand BrightFarms’ network of hydroponic greenhouse farms to all major U.S. markets, grow existing and new retailer partnerships, and meet increasing consumer demand for fresh, locally grown produce.
Growth Equity $100,000,000
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