Just when you thought the controlled environment agriculture hype was winding down, San Francisco-based vertical farming company Plenty Unlimited Inc. secures its largest investment to date.
The indoor ag startup procured $400 million in a Series E financing round, led by One Madison Group and JS Capitol, that includes Walmart and existing investing partner SoftBank Vision Fund 1 in January 2022.
Leaders from Walmart and One Madison Group will join Plenty’s board of directors, and the $400 million in funds will propel Plenty’s growth, which includes using its technology platform to sell multicrop farms directly to its business partners, according to a news release.
Source: The Packer
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