Bowery Farming
AgTechUSAClosed 2024
Total Raised
$700M
Peak Valuation
$2.30B
Employees
—
Year Collapsed
2024
Business model
Vertical indoor farming producing pesticide-free lettuce, kale, herbs, and other leafy greens for grocery and e-commerce distribution.
In brief
One of the best-funded and most celebrity-backed vertical farming startups (with investors including Natalie Portman and Justin Timberlake), reaching a $2.3 billion valuation and distribution in over 850 grocery stores. Expansion into new high-tech farm facilities in Pennsylvania…
See the What Happened tab for the full account.
Key facts
- Founded
- 2015
- Closed
- 2024
- Headquarters
- New York, USA
- Industry
- AgTech
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Irving Fain
Related failures
Plenty
2014–2024AgTech · USA
Overexpansion$940MReef Technology (Kitchens division)
2013–2023Food Tech / Real Estate · USA
Overexpansion$1.50BJawbone
1999–2017Consumer Hardware · USA
Overexpansion$930MOlive AI
2012–2023Health Tech · USA
Overexpansion$852MWebvan
1996–2001Grocery Delivery · USA
Overexpansion$800MVeev
2018–2024Proptech / Construction · USA
Overexpansion$600M
Often compared with: Gotham Greens, BrightFarms.