The indoor farm operator, which has already raised $400m, is in talks with existing investor SoftBank Vision Fund for a round likely to value it at up to $1bn.

Telecommunications and internet group SoftBank’s Vision Fund has entered discussions to lead a nine-figure round for US-based indoor farm operator Plenty, Bloomberg reported yesterday, citing people familiar with the matter.

The round will be sized at $100m or more and is set to value the company either at or below the $1.05bn valuation at which the company last raised money, in a $175m series C round in June 2019 featuring unnamed investors, according to San Francisco Business Times.

Plenty is…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.