Mona, Utah-based Houweling US Holdings, Inc. is launching the Longvine Growing Co as the company rebrands and resets for the next evolution of company growth.
Mona, Utah-based Houweling US Holdings, Inc. is launching the Longvine Growing Co as the company rebrands and resets for the next evolution of company growth.
Greenhouses for lettuce and leafy greens are being built at a rapid pace across the U.S. In contrast, in neighboring Mexico there is no similar greenhouse production and in Canada there is very little — the primary exception being 11-acre Whole Leaf Farms located in Coaldale, Alberta.
“There have been boom periods in controlled agriculture, in high tech greenhouses. But even the Dutch industry now realizes something different is happening right now,” says David Chen, CEO with Equilibrium. Today, the company closes the industry’s largest Environment Agriculture fund at $1.022 billion.
The heat wave made the case more starkly than could any investment pitch deck.
In their offices in Portland, the team at Equilibrium Capital was putting the finishing touches on the real assets manager’s second greenhouse agriculture fund just as the temperature in the Oregon city hit a record-shattering 116 degrees. The Controlled Environment Foods Fund II is itself a record-breaker as Equilibrium’s first billion-dollar fund.
It is difficult not to take note of the amount of investment capital flowing into private greenhouse vegetable and vertical farming operations these days. Why is this a trendy investment area, and what opportunities do investors see in these markets?
Equilibrium plans to invest more than $110 million to back its portfolio company Revol Greens, as it expands into Texas through a four-phase construction of what it says will be the world’s largest indoor lettuce facility.
Revol Greens, a Minnesota-based producer of greenhouse lettuce, has plans to locate a new a manufacturing operation in Temple, Texas.
On the heels of closing its $68 million funding round, led by Equilibrium Capital, Revol Greens BB #:358676 is adding Michael B. Wainscott to the newly created role of Chief Financial Officer.
The controlled environment agriculture (CEA) space appears to be in a race, with startups jostling to see which can build the biggest facility or supply the most produce.
Revol Greens announced that 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.
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