Tengelmann-backed BrightFarms has nearly doubled its total funding to approximately $56m following a $30.1m series C round led by Catalyst Investors.
BrightFarms, a US-based hydroponic greenhouse provider backed by retailer Tengelmann, raised $30.1m on Wednesday in a series C round led by growth equity firm Catalyst Investors.
Private equity firm WP Global Partners and venture capital firm NGen Partners also contributed money to the round.
Incorporated in 2011, BrightFarms builds and operates urban greenhouse farms in collaboration with supermarkets, vendors and cities in order to make the food supply chain more efficient, scalable and environmentally friendly.
The company claims its greenhouses…
