menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

Vertical f...
source image

TechCrunch

4w

read

174

img
dot

Image Credit: TechCrunch

Vertical farming company Plenty files for bankruptcy after raising nearly $1B

  • Vertical farming company, Plenty, has filed for bankruptcy after raising nearly $1 billion in funding since its inception in 2014.
  • Plenty plans to continue operating a strawberry farm in Virginia and a plant science R&D center in Wyoming.
  • The company has secured $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan.
  • Other vertical farming companies, such as Bowery Farming, AeroFarms, and AppHarvest, have also faced bankruptcies in recent years.

Read Full Article

like

10 Likes

For uninterrupted reading, download the app