Revol Greens announced today it closed a $68 million funding round, bringing the fast-growing company’s total financing to $215 million as it executes on its strategy of five locations in five years.
Revol Greens Closes $68 Million in Funding
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Revol Greens closes $68m funding round to become ‘world’s largest indoor lettuce producer’
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.
TAKEAWAY FROM GAI NY 2020 – CONTROLLED ENVIRONMENT AGRICULTURE (CEA)
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.
Revol Greens grows its greenhouse lettuce operation
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.
New Revol Greens CEO brings Cargill experience to greenhouse lettuce expansion, national push
Mark Schulze is overseeing a “five facilities in five years” plan to develop additional regional greenhouses around the country.
Thiel-backed Narya leads $28m Series C as AppHarvest eyes new markets
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 MAKES FIRST INVESTMENT OUTSIDE U.S., PARTNERS WITH FINKA ON CEA EXPANSION IN MEXICO
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 Featured on Fox News and Expands from 2 to 10 Acres
Revol Greens expands its hydroponic greenhouse from two to ten acres.
Martha Stewart, J.D. Vance and David Lee join board of AppHarvest
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 and Equilibrium announce partnership and expansion project
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.