Minnesota-based Revol Greens has closed a $68m funding round led by Equilibrium Capital — bringing the company’s total financing to $215m — to launch a third lettuce greenhouse facility in Texas, which will bring its total annual output to 33 million pounds of greens able to reach one-third of the US population within 24 hours of harvest.
Once overlooked as a viable alternative to the growing issue of providing food for an ever-populous world, Controlled Environment Agriculture (CEA) has gained much traction as of late, especially since COVID-19 has highlighted the vulnerability of the current ag supply chain.
Imagine yourself in a modern finishing barn. However, instead of livestock, you see leafy greens stretching the length of seven and a half football fields.
Mark Schulze is overseeing a “five facilities in five years” plan to develop additional regional greenhouses around the country.
Managing director Chuck Templeton says two new seafood-experienced managing directors will help build a network of co-investors interested in early stage seafood and ocean ecosystem health opportunities.
James Murdoch-linked Lupa Systems’ support of AppHarvet adds to a series of commitments from high-profile investors for the controlled environment ag-focused Equilibrium affiliate.
Equilibrium Capital Group, an asset manager focused on sustainable and impact-driven real asset agricultural and agricultural distributed infrastructure, announced its first investment outside the U.S.
Revol Greens expands its hydroponic greenhouse from two to ten acres.
AppHarvest announced that food entrepreneur and icon Martha Stewart, Impossible Foods Chief Financial Officer David Lee, and best-selling author and investor J.D. Vance, have joined the company’s Board of Directors as it prepares to open one of the world’s largest indoor farms this fall in Morehead, KY.
Finka, a Queretaro-based owner of advanced greenhouses that pioneered Queretaro’s original Agropark, announced a strategic investment from Equilibrium Capital Group, a leading controlled environment foods investor based in the U.S.