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Bowery Farming
Vertical smart farming company
- 501-1000 employees
- Retail
- B2B
- Artificial Intelligence
- Sustainability
- Food
- Robotics
- Agriculture
- Chelsea, New York, NY
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Company mission
To help secure the future of food by growing smart produce that’s more reliable and less harmful—wherever it’s needed.
-4% employee growth in 12 months
Our take
Bowery Farming is one of the most high profile startups in the rapidly growing vertical farming, or indoor farming, industry. The company's latest vertical farm in Bethlehem, Pennsylvania is built on non-arable industrial land, and is powered with renewable energy to grow produce, which it can then sell to local retailers.
While it may seem hard to believe, the increasing global population coupled with limited farmland and environmental change, means that the world could be heading for a major food shortage in the decades to come. By turning to vertical farming, which is more easily managed, uses fewer chemicals and less water, companies like Bowery are able to meet demands in a more sustainable way.
Bowery has been expanding its network of farms rapidly since 2021, with its growth accelerated by the impressive funding that it has raised. It is an especially interesting time for the company as, while several competitors have filed for bankruptcy protection, it has itself announced that Amazon Fresh will be offering its products up and down the East Coast, and that it is expanding distribution of its salad kits to 150 Amazon-owned grocery stores.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Long-term and short-term disability insurance
- 401(k) retirement plan
- Stock options for all employees
- Employee Resource Groups
- Health, dental, and vision insurance
- FSA and HSA
- Gym reimbursement, Headspace membership, Aaptive Membership, Spring Health Membership, etc.
- Unlimited vacation days and paid holidays
- Up to 16 weeks of paid parental leave
- Bi-weekly all-hands company meetings, holiday parties, lunch and learns and speaker series
- Commuter benefits, casual dress code, snacks and free lettuce
Company values
- Opt-in
- Think Wildly Different
- Break Barriers Together
- Be Kind to the Core
Funding (last 2 of 7 rounds)
Oct 2023
$94m
SERIES D
May 2021
$300m
SERIES C
Total funding: $565m
This company has top investors
Leadership
Irving Fain
(Co-founder & CEO)Former Director of Digital Marketing & Content at iHeartMedia. Before co-founding Bowery Farming, they co-founded and were CEO of customer loyalty & engagement solution CrowdTwist, as well as Board Member & Advisor at financial estimates platform Estimize.
David Golden
(Co-founder)Former investment & private equity professional, with spells at UBS Investment Bank, Freshford Capital, Durham Asset Management, and Thayer Capital Partners. Has co-founded two other fast growth startups - LeapPay (Acquired by Funding Circle in 2014), and Automation Machinery company Standard Bots.