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Announced

Completed

Cox Enterprises led a $100m Series E round in BrightFarms.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Private Equity

Single Bidder

Acquisition

Food Products

Minority

Friendly

Venture Capital

Domestic

packaged salads

Completed

Synopsis

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Cox Enterprises, a privately held global conglomerate, led a $100m Series E round in BrightFarms, a next-generation indoor farming company, with participation from growth equity firm Catalyst Investors. "Our goal over the next five years is to make quality, locally-grown greens a staple on grocery shelves and in refrigerators nationwide. We are thrilled to have the strong financial backing of Cox Enterprises, an organization that closely aligns with our mission to build a healthier and more sustainable future, and to have the additional support of our long-term partners at Catalyst Investors. Together we are ready to scale our model for local indoor farming in every major market in the US," Steve Platt, BrightFarms CEO.

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