Freight Farms Overview
- Year Founded
-
2010
- Status
-
Private
- Employees
-
81
- Latest Deal Type
-
Reverse Merger
- (Cancelled)
- Latest Deal Amount
-
$147M
- Investors
-
15
Freight Farms General Information
Description
Developer of a vertical farming platform intended to offer on-site commercial food production anywhere. The company's platform provides a hydroponic growing system assembled inside an upcycled shipping container and it is capable of producing a variety of lettuces, herbs and hearty greens, enabling clients to sustainably grow fresh food irrespective of their location, background or climate.
Contact Information
Website
www.freightfarms.comCorporate Office
- 20 Old Colony Avenue
- Suite 201
- Boston, MA 02127
- United States
Corporate Office
- 20 Old Colony Avenue
- Suite 201
- Boston, MA 02127
- United States
Freight Farms Timeline
Freight Farms Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 12. Reverse Merger | 01-Sep-2023 | $147M | Cancelled | Generating Revenue | ||
| 11. Later Stage VC (Series B3) | 14-Nov-2022 | Completed | Generating Revenue | |||
| 10. General Corporate Purpose | 26-Jul-2022 | Completed | Generating Revenue | |||
| 9. Debt - PPP | 20-May-2020 | Completed | Generating Revenue | |||
| 8. Later Stage VC (Series B2) | 19-Feb-2020 | Completed | Generating Revenue | |||
| 7. Later Stage VC (Series B) | 25-Mar-2019 | Completed | Generating Revenue | |||
| 6. Grant | 17-May-2016 | Completed | Generating Revenue | |||
| 5. Early Stage VC (Series A2) | 17-Dec-2014 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A) | 10-Dec-2013 | $1.2M | $1.22M | Completed | Generating Revenue | |
| 3. Accelerator/Incubator | 23-May-2013 | $20K | $20K | Completed | Generating Revenue |
Freight Farms Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B-5 | ||||||||
| Series B-4 | ||||||||
| Series B-3 | ||||||||
| Series B-2 | ||||||||
| Series B | ||||||||
| Series A2 | 2,419,100 | $0.001000 | 8% | $1.54 | $1.54 | 1x | $1.54 | 10.74% |
| Series A | 1,332,746 | $0.001000 | 8% | $0.92 | $0.92 | 1x | $0.92 | 5.92% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
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Freight Farms Comparisons
Industry
Financing
Details
Freight Farms Competitors (4)
One of Freight Farms’s 4 competitors is Plenty, a Venture Capital-Backed company based in South San Francisco, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Plenty | Venture Capital-Backed | South San Francisco, CA | ||||
| Inno-3B | Venture Capital-Backed | Saint-Pacôme, Canada | ||||
| FarmBox Foods | Corporation | Sedalia, CO | ||||
| Babylon Micro-Farms | Venture Capital-Backed | Richmond, VA |
Freight Farms Patents
Freight Farms Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20230092421-A1 | Vertical farming watering system and methods of making and use therefor | Pending | 23-Sep-2021 | ||
| CA-3224613-A1 | Vertical farming watering system and methods of making and use thereof | Pending | 23-Sep-2021 | ||
| EP-4404733-A1 | Vertical farming watering system and methods of making and use thereof | Pending | 23-Sep-2021 | ||
| US-20220187780-A1 | Systems and methods for controlling and monitoring farms | Pending | 15-Dec-2020 | ||
| EP-4262340-A1 | Systems and methods for controlling and monitoring farms | Pending | 15-Dec-2020 | G05B19/0428 |
Freight Farms Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Freight Farms Investors (15)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Alkali Partners | Investment Bank | Minority | ||
| Ospraie Ag Science(farming) | Venture Capital | Minority | ||
| Right Side Capital Management | Venture Capital | Minority | ||
| Stage 1 Ventures | Venture Capital | Minority | ||
| NASA SBIR/STTR | Government |
Freight Farms Acquisitions (1)
Freight Farms’s most recent deal was a Merger/Acquisition with Cabbige. The deal was made on 24-Jan-2018.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Cabbige | 24-Jan-2018 | Merger/Acquisition | Social/Platform Software |
Freight Farms FAQs
-
When was Freight Farms founded?
Freight Farms was founded in 2010.
-
Where is Freight Farms headquartered?
Freight Farms is headquartered in Boston, MA.
-
What is the size of Freight Farms?
Freight Farms has 81 total employees.
-
What industry is Freight Farms in?
Freight Farms’s primary industry is Business/Productivity Software.
-
Is Freight Farms a private or public company?
Freight Farms is a Private company.
-
What is Freight Farms’s current revenue?
The current revenue for Freight Farms is .
-
How much funding has Freight Farms raised over time?
Freight Farms has raised $45.5M.
-
Who are Freight Farms’s investors?
Alkali Partners, Ospraie Ag Science(farming), Right Side Capital Management, Stage 1 Ventures, and NASA SBIR/STTR are 5 of 15 investors who have invested in Freight Farms.
-
Who are Freight Farms’s competitors?
Plenty, Inno-3B, FarmBox Foods, and Babylon Micro-Farms are competitors of Freight Farms.
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