BrightFarms is an AgTech startup that grows local produce, nationwide. The company finances, builds and operates local greenhouse farms in partnership with supermarkets, cities, capital sources and vendors to grow pesticide-free and non-GMO local produce.
BrightFarms eliminates time, distance, and costs from the food supply chain by financing, building, and operating local greenhouse farms in partnership with supermarkets, cities, capital sources, and vendors.
BrightFarms was founded 2011 by Paul Lightfoot and Ted Caplow. The company is based in New York, New York.
BrightFarms has created a scalable model for the future of sustainable, local farming, using far less energy, land, and water than long distance, centralized, and field grown agriculture.
BrightFarms operates hydroponic greenhouse farms in the communities it serves, enabling it to eliminate time, distance, and costs from the food supply chain. BrightFarms' growing methods, a model for the future of scalable, sustainable local farming, use far less energy, land and water than long distance, field-grown agriculture.
BrightFarms currently distributes its products to more than 2,000 stores in the U.S. and expects to expand its distribution to more than 15,000 stores by 2025. The company has indoor farming operations in Illinois, Ohio, Pennsylvania and Virginia, with three new farms currently under development in North Carolina, Massachusetts and Texas.
BrightFarms is backed by Cox Enterprises, Catalyst Investors, NGEN Partners, WP Global Partners, Cox Enterprises and others. The company raised $100M in Series E round on Oct 20, 2020. This brings BrightFarms' total funding to $212.9M to date.
BrightFarms was recognized as one of the "100 Most Consumer Centric Companies" by Forbes and Fast Company has recognized BrightFarms as "One of World's 50 Most Innovative Companies" and one of the "Top 10 Most Innovative Companies in Food.