Bowery Farming raises $50M to innovate with existing robotics, expand crops, scale business
Bowery plans to use this capital to put additional resources toward driving innovation in agriculture science, technology, robotics and automation.
Bowery Farming, Inc., New York, raised an additional $50 million in a B+ round of financing from existing investors, including Temasek, Singapore, and Henry Kravis, co-founder of Kohlberg Kravis Roberts & Co., New York.
Following Bowery’s Series B raise in December 2018, it been focused on bringing fresh, local, pesticide-free produce to more consumers nationwide. For instance, Bowery expanded its retail footprint and made key executive hires.