Plenty
AgTechUSAClosed 2024
Total Raised
$940M
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2024
Business model
Vertical indoor farming, growing leafy greens and produce in stacked, climate-controlled indoor facilities near cities.
In brief
Raised nearly a billion dollars, including a landmark investment from SoftBank's Vision Fund and personal backing from Jeff Bezos, to build large-scale indoor vertical farms aiming to grow produce closer to cities with less water and land than traditional farming. The extremely h…
See the What Happened tab for the full account.
Key facts
- Founded
- 2014
- Closed
- 2024
- Headquarters
- San Francisco, USA
- Industry
- AgTech
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Matt Barnard, Nate Storey
Related failures
Bowery Farming
2015–2024AgTech · USA
Overexpansion$700MReef 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: Bowery Farming, AeroFarms.