All posts tagged: Impact investing

Revol Greens Raises $68M to Build ‘World’s Largest Lettuce Greenhouse’ in Texas

The Texas indoor farm would be the startup’s third climate-controlled, solar-powered facility that grows produce sustainably and locally. CEO Mark Schulze says Revol’s high-tech greenhouses will make it the largest producer of indoor lettuce by the end of 2021.

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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.

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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.

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