Existing investor Cox Enterprises led a debt and equity round to increase its share in the indoor farm operator to a majority stake.

Communications and media group Cox Enterprises led a $100m series E equity and debt round for US-based indoor farm operator BrightFarms yesterday, taking a majority stake in the process.

Growth equity firm Catalyst Investors also participated in the round, which BrightFarms said increased its overall funding to more than $200m.

BrightFarms runs a network of indoor farms across the US states of Illinois, Pennsylvania, Ohio and Virginia, growing fresh greens through a model that requires considerably less land and water…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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