Tagged: farming

BrightFarms reported raising $14.17 million

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XDATA – November 6th 2015
BrightFarms successfully completed a $14.17 million non-brokered equity financing round. A total of eight investors started to subscribe to the round three weeks ago. Two previous unregistered financing rounds raised an estimated $11.51 million.
The company is focused on growing local produce, nationwide. It finances, builds, and operates local greenhouse farms in partnership with supermarkets, cities, capital sources, and vendors, enabling it to quickly and efficiently eliminate time, distance, and costs from the food supply chain. Investors include NGEN Partners, Emil Capital, WP Global Partners, and Dr. Theodore Caplow.
The company, headquartered in New York NY, is led by Paul Lightfoot (CEO). BrightFarms elected to keep its revenues undisclosed.
The executive team includes Neal Parikh.
The board of directors includes Christian We Haub, Donald Phillips, Gregory S Oberholtzer, Peter H Grubstein, Theodore Caplow and Thomas Emmons.

The company has raised an estimated total of $25.57 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: BrightFarms
Industry: Other
Amount offered: $14.17 million
Amount placed: $14.07 million
SEC filing: Source
First sale: 10-13-2015
Data as of: 11-06-2015