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Vertical Harvest

Vertical Farming
Product stageSegments
Early
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Farm Operators: Hydroponics
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Based in Wyoming, Vertical Harvest offers microgreens, lettuce, salad mixes, and tomatoes using hydroponics and controlled environment agriculture solutions. Vertical Harvest uses a hybrid lighting approach, where it uses a carousel system to rotate the grow racks closer to the walls to get the benefits of both natural sunlight and LED lighting. This way, the company claims that it can maximize its energy consumption  The company also claims that its farms can produce a 4x higher yield per acre using 85% less water and 90% less land compared to traditional farming.  Vertical Harvest sells its produce directly to customers via its own physical and online stores and through partnered distribution companies including Sodexo and Native Maine Produce & Specialty Foods.

The company engages in public-private partnerships to develop its farms in urban areas closer to housing, retail stores, and community spaces. As of April 2022, the company operated 1 vertical farm in Wyoming (13,500 sq ft, 100,000 lbs of produce per year), with another Vertical farm set to open in Maine by 2Q 2023 (70,000 sq ft, 1,000,000 lbs of produce per year). The company had stated plans to open 10 farms across Chicago, Providence, and Detroit over the following five years.

In April 2022, Vertical Harvest raised USD 8.35 million in Series A preferred stock funding led by Nicoya AB and Raiven Capital.

Vertical Farming

Vertical Farming

Key stats
Featured companies
103
Total funding (USD)
5.7 Bn
Total addressable market (USD)
36.4 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Funding
Apr 23, 2024
Vertical Harvest raises USD 59.5 million in project financing
Vertical Farming
Funding
Apr 13, 2022
Vertical Harvest raises USD 8.35 million in Series A funding
Vertical Farming

Company Brief


HQ location:
Jackson WY USA
Founded year:
2010
Employees:
11-50
Total Funding:
USD 69.9 million
Last Funding
USD 59.5 million, Apr 2024

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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