Announced

Completed

SoftBank Vision Fund 2 completed the acquisition of a 47.4% stake in Plenty.

Synopsis

SoftBank Vision Fund 2, the world's largest technology-focused investment fund, completed the acquisition of a 47.4% stake in Plenty, an innovative agricultural technology company. Financial terms were not disclosed. “This emergence is the start of a new, focused era for Plenty. Our technology has the power to make fresh food accessible to everyone. To accelerate our impact, we are laser focused on strawberries. We’re expanding the growing capacity in the Plenty Richmond farm and pursuing opportunities to bring Plenty’s vertical strawberry farming technology to new locations through farm sales – something Plenty is uniquely positioned to offer based on its proprietary technology," Dan Malech, Plenty Interim CEO.

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