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New Deal


Announced

Walmart led a $400m Series E round in Plenty.

Financials

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Transaction Value£296m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Farming Fishing Ranching and Plantations

Domestic

Private

Single Bidder

farming technology

United States

Venture Capital

Minority

Acquisition

Friendly

Pending

Synopsis

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Walmart, an American multinational retail corporation, led a $400m Series E round in Plenty, an indoor vertical farming company. "At Walmart, we are focused on identifying and investing in innovative food solutions to bring our customers the freshest, highest-quality foods at the best prices. We believe Plenty is a proven leader in a new era of agriculture, one that offers pesticide-free, peak-flavor produce to shoppers every day of the year. This partnership not only accelerates agricultural innovation, but reinforces our commitment to sustainability, by delivering a new category of fresh that is good for people and the planet," Charles Redfield, Walmart Chief Merchandising Officer.

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