Plenty Secures $400 Million Series E
Company expands business model to include selling complete farms directly to partners

Plenty Farms Tower Robot. Image shot by
“The indoor farming sector is at an exciting inflection point, poised to reach its full potential as a new asset class that addresses the significant need to provide access to fresh, nutritious food year round, even in geographies where traditional farming is difficult,” said
Plenty’s architecture is completely different from greenhouses and other indoor farms. Its vertical towers and intelligent platform make Plenty the only vertical farming company capable of growing multiple crops on one platform with consistently superior flavor and yields. While traditional farms and other indoor farming solutions battle the limits of space, crop variation, nature and yield, Plenty’s innovative, modular system makes it possible to scale farms to meet partner and consumer needs.
Plenty is using its robust IP portfolio to create a more sustainable model for agriculture that helps partners achieve their own environmental goals. Plenty’s vertical farms use just
“We are pleased to work with a strong group of investors who recognize how Plenty’s proprietary approach to building and selling farms delivers a scalable, cost-efficient pathway to bringing fresh, clean produce to market 365 days a year, anywhere in the world,” said Arama Kukutai, Plenty CEO. “Having Walmart, as one of the world’s largest retailers, partner with us demonstrates the rising importance of indoor agriculture to the future of fresh and their belief in Plenty’s unique technology solution.”
In addition to this commitment, Plenty has also entered into a strategic commercial agreement with Walmart to lead a new category of fresh products and bring Plenty farms closer to Walmart customers to offer pesticide-free, sustainable produce year round. The partnership will begin by sourcing Plenty’s leafy greens from its
“As the global demand for clean and sustainable food continues to increase, indoor growing is an opportunity to provide fresh and nutritious produce that is good for the people and planet,” said
Citi served as the strategic advisor to Plenty for this transaction.
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About Plenty
Plenty is rewriting the rules of agriculture through its technology platform that can grow clean produce anywhere in the world, year round, with unprecedented yield and peak season quality. Plenty’s proprietary approach preserves the world’s natural resources, makes nutritious produce available to all communities and creates resilience in our food systems against weather, location, pests and climate. Plenty's headquarters are in
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