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BrightFarms

BrightFarms
2011 FOUNDED
PRIVATE STATUS
51-200 EMPLOYEES
Series C LATEST DEAL TYPE
$30.2M LATEST DEAL AMOUNT
$70.2M TOTAL AMOUNT RAISED
Description

Builder and operator of greenhouse farms for sustainable local farming. The company finances, builds and operates local greenhouse farms in partnership with supermarkets, cities, capital sources and vendors to grow pesticide-free and non-GMO local produce.

Formerly Known As
Better Food Solutions
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Food Products
Other Industries
Other Agriculture
Environmental Services (B2B)
Primary Office
21 West 46th Street
5th Floor
New York, NY 10036
United States
+1 (212) 358-1100
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BrightFarms Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC (Series C) 21-Sep-2016 $30.2M $70.2M 0000 Completed Generating Revenue
3. Early Stage VC (Series B1) 13-Oct-2015 000.00 0000 000.00 Completed Generating Revenue
2. Early Stage VC (Series B) 03-Jun-2014 $7.6M $20M $14.3M Completed Startup
1. Early Stage VC (Series A) 13-Dec-2011 $4.3M $4.3M $11.3M Completed Startup
To view this company’s complete deal history including valuation and funding request access »

BrightFarms Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series C 00,000,000 00.000000 00 00.0 00.0 00 00.0 00.000
Series B1 0,000,000 00.000000 00 00.00 00.00 00 00.00 00.00
Series B 3,166,803 $0.000100 8% $2.39 $2.39 1x $2.39 9.28%
Series A 163,823 $0.000100 8% $27.78 $27.78 1x $5.21 2.56%
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BrightFarms Investors (11)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Ali Partovi Angel (individual) Minority 000 0000 000000 0
Allotrope Partners Venture Capital Minority 000 0000 000000 0
Bloomberg Beta Corporate Venture Capital Minority 000 0000 000000 0
Catalyst Investors Growth/Expansion Minority 000 0000 000000 0
Emil Capital Partners Venture Capital Minority 000 0000 000000 0
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BrightFarms Executive Team (4)

Name Title Board
Seat
Contact
Info
Paul Lightfoot JD Chief Executive Officer & Board Member
Abby Prior Vice President, Business Development
Neal Parikh Vice President of Finance
Joshua Norbury Vice President, Operations

BrightFarms Board Members (11)

Name Representing Role Since Contact
Info
Brian Rich Catalyst Investors Board Member 000 0000
Gregory Oberholtzer WP Global Partners Board Member 000 0000
Paul Lightfoot JD BrightFarms Chief Executive Officer & Board Member 000 0000
Peter Grubstein NGEN Partners Board Member 000 0000
Shay Murphy NGEN Partners Board Observer 000 0000

3 Former Board Members

You’re viewing 5 of 11 board members. Get the full list »