Justin Timberlake among celebs investing in vertical farming company
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Justin Timberlake among celebs investing in vertical farming company
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Justin Timberlake among celebs investing in vertical farming company
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BusinessIndoor vertical farming startup Bowery Farming raises $300 mln
Jane Lee
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Indoor vertical farming startup Bowery Farming in Kearny, New Jersey, U.S. shows its leafy green products that are shipped to over 800 stores, in this undated handout photo released on May 24, 2021. Bowery Farming/Handout via REUTERS
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New York-based indoor vertical farming startup Bowery Farming said on Tuesday it raised $300 million in its latest funding round, valuing the company at $2.3 billion as the pandemic shed light on the importance of securing local food supply.
Vertical farming grows its produce in stacked arrangements in technologically controlled environments, reducing the need for vast expanses of land and bringing mass production right in to urban areas.