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New Deal


Announced

Completed

Fidelity Management led a $300m Series C funding round in Bowery Farming.

Financials

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Transaction Value£211m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Farming Fishing Ranching and Plantations

United States

Acquisition

plantations

Private

Completed

Minority

Venture Capital

Private Equity

Friendly

Cross Border

digital farming solutions

farming

Synopsis

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Fidelity Management, a multinational financial services corporation, led a $300m Series C funding round in Bowery Farming, a vertical farming company. Additional investors include GV, General Catalyst, GGV Capital, Temasek, Groupe Artémis, Amplo and Gaingels. "Bowery's approach to indoor farming represents a meaningful disruption to the traditional produce supply chain, and its systems-based approach to engineering and farm design is unparalleled. I look forward to continuing to partner with the Bowery team as they build and scale the largest indoor farming network in the US and bring more sustainable produce to consumers," Andy Wheeler, GV General Partner.

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