Bowery Farming

Vertical farming company Bowery Farming secures $300m in funding - FoodBev  Media
Bowery Farming Source

Overview

Bowery Farming is vertical farming company located in New York, United States. Their product mix generally includes lettuce, dark leafy greens such as kale, herbs such as basil, and other leafy green mixes. They have a proprietary software called BoweryOS which claims to utilize computer vision, automation, and machine learning to optimize indoor growing for flavor and quality.

Founders

Irving Fain, Brian Falther, and David Golden are the founders of Bowery Farming. Linked here is an interview with all three founders. Irving Fain is the CEO of the company, see his Linkedin profile here.

Brian Falther is no longer with the company, having departed in 2020.

David Golden is currently listed as a Co-Founder at Bowery Farming and still appears to be active at the company.

Prominent investors in Bowery Farming include Google Ventures, General Catalyst, Temasek, First Round Capital, and GGV Capital.

Stock

As of now Bowery Farming is a private company and stock is not publicly available for purchase. As recently as this May 2021 article, Bowery Farming indicated no plans to go public, despite the trends of many competitors announcing initial public offerings (IPOs) and becoming a public company.

The May of 2021 the company also announced a $300M Series C fundraising round, valuing the company at approximately $2.3B. This fundraise brought the total funds raised by Bowery Farming to over $488M USD.

Revenue

Bowery claims to grow approximately 5.5 tons of produce per day across all of their farms. They list customers on their website as: Safeway, Acme Markets, Fresh Direct, Walmart, Amazon Fresh, Whole Foods, and Weis Markets.

With production of about 11,000 pounds per day, at an farmgate average price of approximately 50 cents per pound. This is equal to about $6,500 of revenue per day, or $2.3M per year. At an average price of $1/pound, estimated revenue would be $4.6M.

3rd Party Site Zoom Info estimates Bowery Farming's revenue to be $5M and employee account at 150 people.

Locations

Bowery Farms has two flagship locations: 

1) Kearney, New Jersey: On the site of a shipyard that built battle ships during World War 1 and World War 2.

2) Nottingham, Maryland: On the site of a formal industrial plant. According to Bowery, this farm is 100x the size of the original plant.

Are you interested to learn more about Plenty and other vertical and indoor farming companies? Be sure to join our newsletter of over 5,000 subscribers across the vertical and indoor farming industries.

To subscribe, enter your email in the form below!

Asia Vertical Farming Companies: The 2023 Report

Download the Free Sample Report

Mark-Horler

"For a target audience that is trying to understand the basics of vertical farming, this is a quality newsletter to subscribe to"

- James Pateras, CEO, Modular Farms Australia

North America Vertical Farming Companies: The 2023 Report

Download The Free Sample Report

Mark-Horler

"The North America Vertical Farming Companies Report 2023 aggregates many sources of public information on many different companies so that you don't have to do the research yourself, it's worth the money and saves a lot of time"

- John Ireland, CEO, NTP Technologies

Europe Vertical Farming Companies: The 2023 Report

Download the Free Sample Report

Helen Andrew Spare Harvest

"As a business development manager supporting the indoor agriculture, CEA, and food tech industries, I can say Urban Vine guides and their insider newsletter provide detailed information often difficult to find online."

- Irena Lundberg, CleanTech Invest Stockholm

Middle East Vertical Farming Companies: The 2023 Report

Download the Free Sample Report

Mark-Horler

"As a marketing professional in the indoor agriculture industry, Urban Vine's newsletters, reports and guides are an excellent resource for keeping up-to-date with news and developments in vertical farming."

- Steven Mitchell, Product Manager, Intelligent Growth Solutions (IGS) UK

All Indoor Farming Company Interviews

SecondBloom Auctions

February 18, 2024

This interview details SecondBloom Auctions, a company based in the United States. The interview is with Chris Lange, Manager of Strategic Partnerships at SecondBloom Auctions. To learn more about SecondBloom Auctions and other indoor farming companies, click on this link!

View Full Interview

Smart Farm Oasis

February 18, 2024

This interview details Smart Oasis Farm, an indoor farming company based in the UK. The interview is with Suzanne Tate, Chief Design Officer at Smart Oasis Farm. To learn more about Smart Oasis Farm and other indoor farming companies, click on this link!

View Full Interview

Tunable

February 29, 2024

This interview details Tunable, a Nanotechnology company developing and making gas sensing solutions based in Norway. The interview is with Tharindu Madduma, Business Development Manager at Tunable. To learn more about Tunable and other indoor farming companies, click on this link!

View Full Interview

Rift Labs

February 18, 2024

This interview details Rift Labs, a cutting-edge light-based solutions provider based in Norway. The interview is with Halvard Aagaard, CEO of Rift Labs. To learn more about Rift Labs and other indoor farming companies, click on this link!

View Full Interview

Biotalys

February 18, 2024

This interview details Biotalys, a Biotechnology Research company based in Belgium. The interview is with Toon Musschoot, Head of Investor Relations and Communications at Biotalys. To learn more about Biotalys and other indoor farming companies, click on this link!

View Full Interview

HerbaFabrica

February 18, 2024

This interview details HerbaFabrica, an indoor farming company based in the Czech Republic. The interview is with Karolína Pumprová, Founder of HerbaFabrica. To learn more about HerbaFabrica and other indoor farming companies, click on this link!

View Full Interview

VaVersa

February 18, 2024

This interview details VaVersa, an indoor farming company based in the Netherlands. The interview is with Olivier Francescangeli, Co-Founder of VaVersa. To learn more about VaVersa and other indoor farming companies, click on this link!

View Full Interview

Simply Grow Ltd

February 18, 2024

This interview details Simply Grow Ltd, an indoor farming company based in the UK. The interview is with Sylwia Golebiowska, CEO of Simply Grow Ltd. To learn more about Simply Grow Ltd and other indoor farming companies, click on this link!

View Full Interview

Collective Joy Farm

February 18, 2024

This interview details Collective Joy Farm, an indoor farming company based in Canada. The interview is with Tammara Maher, Founder of Collective Joy Farm. To learn more about Collective Joy Farm and other indoor farming companies, click on this link!

View Full Interview

TTA Netherlands (2024)

February 18, 2024

This interview details TTA, an indoor farming technology provider based in the Netherlands. The interview was conducted with Peter Rietveld, Business Development Director at Eurogroep, and with Renko Schuil, Sales Manager Indoor Farming at TTA.

View Full Interview