Farm Startup With Ties to NYC History Hits $2.3 Billion in Value
- Bowery Farming raises $300 million in latest funding round
- NYC-based startup’s produce is now sold in 850 stores
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Bowery Farming Inc., the indoor-agriculture company whose name is derived from the Dutch farms that once thrived in Manhattan, raised $300 million in a funding round that sets its value at $2.3 billion.
The C series funding was led by Fidelity Management & Research Co. and included investment from celebrities like singer Justin Timberlake, actor Natalie Portman and chef Jose Andres. It brings the total raised by the company to $472 million, according to a statement. Other participants include GV, which is the investment arm of Alphabet Inc., General Catalyst and Temasek.