Bowery Overview
- Year Founded
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2014
- Status
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Private
- Employees
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528
- Latest Deal Type
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Series D
- Latest Deal Amount
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$93.8M
- Investors
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52
Bowery General Information
Description
Operator of a modern farming company designed to deliver organic produce. The company builds smart indoor farms near cities, growing fresher, pesticide-free protected produce such as lettuce and herbs with bold flavor in a precisely controlled environment along with its proprietary technology that integrates software, hardware, sensors, artificial intelligence, computer vision systems, machine learning models and robotics to orchestrate and automate the operations, enabling farmers to waste less and consumers to eat and stay healthy.
Contact Information
Website
www.bowery.coCorporate Office
- 151 West 26th Street
- 12th Floor
- New York, NY 10001
- United States
Corporate Office
- 151 West 26th Street
- 12th Floor
- New York, NY 10001
- United States
Bowery Timeline
Bowery Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 9. Later Stage VC (Series D) | 09-Nov-2023 | $93.8M | 00000 | 00000 | Completed | Generating Revenue |
| 8. General Corporate Purpose | 12-Jan-2022 | 00000 | 00000 | Completed | Generating Revenue | |
| 7. Debt - General | 10-Sep-2021 | 00000 | 00000 | Completed | Generating Revenue | |
| 6. Later Stage VC (Series C1) | 13-Aug-2021 | 00000 | 00000 | 00.000 | Completed | Generating Revenue |
| 5. Later Stage VC (Series B1) | 21-Oct-2019 | 0000 | 00000 | 00000 | Completed | Generating Revenue |
| 4. Debt - General | 10-Jun-2019 | 0000 | 00000 | Completed | Generating Revenue | |
| 3. Early Stage VC (Series B) | 05-Dec-2018 | 0000 | 00000 | 00000 | Completed | Generating Revenue |
| 2. Early Stage VC (Series A) | 14-Jun-2017 | $23.8M | $27.5M | 000.00 | Completed | Generating Revenue |
| 1. Seed Round | 01-Oct-2015 | $3.65M | $3.65M | 000.00 | Completed | Startup |
Bowery Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series D-2 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series D-1 | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series C-2 | 0,000,000 | 00.000000 | 00.00 | 000.00 | 000.00 | 00 | 000.00 | 0.000 |
| Series C-1 | 0,000,000 | 00.000000 | 00.00 | 000.00 | 000.00 | 00 | 000.00 | 0.00 |
| Series B-1 | 0,000,000 | 00.000000 | 00.00 | 000.00 | 000.00 | 00 | 000.00 | 0.000 |
| Series B | 0,000,000 | 00.000000 | 00.00 | 000.00 | 000.00 | 00 | 000.00 | 0.000 |
| Series A | 5,199,078 | $0.000100 | $0.28 | $4.63 | $4.63 | 1x | $4.63 | 5.2% |
| Seed | 2,764,316 | $0.000100 | $0.11 | $1.32 | $1.32 | 1x | $1.32 | 2.77% |
Bowery Comparisons
Industry
Financing
Details
000000
000000
Bowery Competitors (4)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| SUNSET produce | Private Debt Financed | Kingsville, Canada | 0000 | 00000 | 000000000 00 | 00000 |
| Gotham Greens | Venture Capital-Backed | New York, NY | 000 | 00000 | 0000000000 0 | 00000 |
| Plenty | Venture Capital-Backed | South San Francisco, CA | 000 | 00000 | 0000000000 | 00000 |
| Oishii | Venture Capital-Backed | Jersey City, NJ | 000 | 00000 | 00000000000 | 00000 |
Bowery Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
News about Bowery
Dive into recent articles by PitchBook offering invaluable insights and context.
-
NEWS | Nov 10, 2023
Indoor farming unicorn Bowery hit with layoffs, steep valuation markdown
Bowery is the latest unicorn to show financial stress as it faces a cash crunch and increased risk in its loans.
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NEWS | Mar 4, 2024
Market Map: Drones and robots pull VCs back to agtech
Despite a wider retreat from agtech, precision ag technology has proven that it can weather a challenged VC environment.
-
NEWS | Feb 27, 2024
Vertical farming startup cinches $134M for designer fruit, defying agtech winter
Oishii’s fresh round is a rare success during a brutal few years for vertical farming startups.
-
NEWS | Feb 16, 2024
AI, cybersecurity topped unicorn leaderboards in 2023
According to the Morningstar PitchBook Global Unicorn Vertical Indexes, the value of cybersecurity unicorns grew 24.3% and AI unicorns grew 22.9%.
Bowery Patents
Bowery Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20240049646-A1 | Systems, methods, and devices for harvesting plants with an ultrasonic blade | Pending | 09-Aug-2022 | 00000000 | |
| US-20230122342-A1 | System and method for real-time light mapping | Pending | 20-Oct-2021 | 0000000000 | 0 |
| US-10464217-B1 | Robotic gripper with driven belts | Active | 29-Sep-2017 | 000000000 | 00 |
| US-D844429-S1 | Product packaging | Active | 01-Sep-2017 | 0 |
Bowery Executive Team (15)
| Name | Title | Board Seat |
|---|---|---|
| Irving Fain | Co-Founder, Chief Executive Officer & Board Member | |
| Injong Rhee Ph.D | Chief Technology Officer | |
| Caralyn Cooley | Executive Vice President & Chief People Officer | |
| Matt Williams | Chief Sales Officer & Chief Commercial Officer | |
| Henry Sztul | Chief Science Officer |
Bowery Board Members (8)
| Name | Representing | Role | Since |
|---|---|---|---|
| Andrew Wheeler | GV | Board Member | 000 0000 |
| Hans Tung | Notable Capital | Board Member | 000 0000 |
| Irving Fain | Bowery | Co-Founder, Chief Executive Officer & Board Member | 000 0000 |
| Michael Lynton | Self | Board Member | 000 0000 |
| Robert Hayes | First Round Capital | Board Member | 000 0000 |
Bowery Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Bowery Investors (52)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| COVA Capital Partners | Corporation | Minority | 000 0000 | 000000 0 |
| Hybridge Capital Management | Real Estate | Minority | 000 0000 | 000000 0 |
| Inertia Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |
| Jeffrey Wilke | Angel (individual) | Minority | 000 0000 | 000000 0 |
| S12F | Venture Capital | Minority | 000 0000 | 000000 0 |
Bowery Acquisitions (1)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Traptic | 11-Feb-2022 | 0000000000 | Machinery (B2B) | 000000 00 |
Bowery Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Traptic | Machinery (B2B) | Mountain View, CA | 0000 |
Bowery FAQs
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When was Bowery founded?
Bowery was founded in 2014.
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Who is the founder of Bowery?
Irving Fain, David Golden, and Brian Falther are the founders of Bowery.
-
Who is the CEO of Bowery?
Irving Fain is the CEO of Bowery.
-
Where is Bowery headquartered?
Bowery is headquartered in New York, NY.
-
What is the size of Bowery?
Bowery has 528 total employees.
-
What industry is Bowery in?
Bowery’s primary industry is Cultivation.
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Is Bowery a private or public company?
Bowery is a Private company.
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What is the current valuation of Bowery?
The current valuation of Bowery is 00000.
-
What is Bowery’s current revenue?
The current revenue for Bowery is 00000.
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How much funding has Bowery raised over time?
Bowery has raised $756M.
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Who are Bowery’s investors?
COVA Capital Partners, Hybridge Capital Management, Inertia Ventures, Jeffrey Wilke, and S12F are 5 of 52 investors who have invested in Bowery.
-
Who are Bowery’s competitors?
SUNSET produce, Gotham Greens, Plenty, and Oishii are competitors of Bowery.
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