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plenty.ag

Founded Year

2014

Stage

Series E | Alive

Total Raised

$935M

Last Raised

$400M | 8 mos ago

Mosaic Score

+110 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Plenty

Plenty operates an indoor vertical farm to offer local produce without the use of pesticides, GMOs, or long distance travel.

Plenty Headquarters Location

590 Eccles Ave

South San Francisco, California, 94080,

United States

650-735-3737

ESPs containing Plenty

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Food & Grocery Tech

This market contains companies developing farming solutions that use technology to enable farming in non-traditional spaces. This includes indoor, vertical, urban, and hydroponic farming.

Plenty named as Highflier among 11 other companies, including InFarm, Square Roots, and AeroFarms.

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Research containing Plenty

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Plenty in 2 CB Insights research briefs, most recently on May 20, 2021.

Expert Collections containing Plenty

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Plenty is included in 2 Expert Collections, including Agriculture Technology (Agtech).

A

Agriculture Technology (Agtech)

1,979 items

Companies that are using technology to make farms more efficient.

F

Food & Beverage

2,695 items

Plenty Patents

Plenty has filed 7 patents.

The 3 most popular patent topics include:

  • Water filters
  • Steam locomotive tenders
  • Drinking water
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/2/2020

6/15/2021

Water filters, Architectural elements, Steam locomotive tenders, Drinking water, Water treatment

Grant

Application Date

1/2/2020

Grant Date

6/15/2021

Title

Related Topics

Water filters, Architectural elements, Steam locomotive tenders, Drinking water, Water treatment

Status

Grant

Latest Plenty News

Green energy and regenerative farming in sharp focus as ADM, Arla and PepsiCo ramp up sustainability

Sep 15, 2022

15 Sep 2022 --- As the energy crisis takes hold and the rapid onset of climate change shows no signs of abating, F&B giants are rallying on policies to restore the earth and reduce carbon emissions. Producing climate-friendly food is the future. Businesses realize that investing in regenerative farming practices will pay off now and in the years ahead as consumers demand even more from brands in terms of planet-friendly offerings. A new wind farm deal in Denmark will mean Arla can reach 100% green electricity on farms and in production in Denmark by 2025, while ADM and PepsiCo join forces on carbon-friendly agricultural practices in a bid to reduce carbon intensity. The 7.5-year collaboration concerns two million acres of US farmland and pledges that carbon cuts - estimated at 1.4 million metric tons of greenhouse gasses - will be seen from the farmgate to food and beverage products across ADM’s and PepsiCo’s portfolios. Carbon-friendly farms for emissions goals This partnership will focus on projects that will significantly expand regenerative agriculture across their shared North American supply chains while building farmers’ resilience to climate change. Initially, corn, soy and wheat farmers across Kansas, Minnesota, Iowa, Illinois, Indiana and Nebraska will be involved in what the companies brand as “farmer-first” initiatives. These include regenerative agricultural practices like cover crops, reduced tillage, nutrient management, diverse rotations and responsible pesticide use. Farmers will get technical and financial assistance and access to peer regenerative farming networks, and results will be tracked. The project with ADM is by far PepsiCo’s most significant move in carbon cutting to date. PepsiCo pegs the project as a “sea change” because it shows how, by partnering with the right companies, industry can move the needle on transforming food production systems and achieving ambitious carbon reduction goals. Arla says it aims to use 100% green electricity on dairies and in production in Europe by the end of 2025. Dairy production runs on wind, sun and biogas Meanwhile, dairy giant Arla will tap electricity from an unsubsidized wind farm in Jammerbugt Municipality, Denmark, which will deliver 137 GW/h electricity, as part of its deal with Eurowind Energy. This follows Arla recently saying it aims to use 100% green electricity on dairies and in production in Europe by the end of 2025. Company executives believe this decade-long wind farm collaboration will ensure it gets there in Denmark, at least. ”We are fully committed to reducing our climate footprint so that consumers can continue to enjoy our dairy products. We have therefore doubled our ambitions across our production and now have a target to reduce our CO2 emissions by 63% before 2030. Reaching our target of 100% green electricity in Denmark is a good step on the way,” says Hanne Søndergaard, sustainability director in Arla. Throughout the 10-year agreement, the green energy from the turbines will save 58,000 tons of CO2 a year, corresponding to 8% of Arla’s total CO2 footprint for scope 1+2. The reduction will build on Arla’s already reducing its CO2 emissions from production by 25% since 2015. The new agreement regarding the wind farm Nørre Økse Sø is one of many initiatives which provide Arla’s dairy and production plants with green electricity. In addition to the 137 GW/h electricity, which the wind farm is expected to deliver, Arla also receives renewable energy from solar cells, biogas engines, and own units from several Arla farms throughout Denmark. Electricity from renewable energy sources is part of Arla’s total climate target to reduce CO2 emissions from its production by 63% before 2030. However, delivery of the new wind turbines is not expected until next year, and they will not become operational until 2024. Will this be the largest vertical farm in the world? The project with ADM is by far PepsiCo’s most significant move in carbon cutting to date. Meanwhile, Plenty Unlimited has secured up to 120 acres of land in Virginia, US, to build the world’s largest, most advanced indoor vertical farm campus, designed to bring fresh produce to the East coast year-round. Plenty plans to deploy several large-scale vertical farms on the campus in the coming years, with a potential annual production capacity exceeding 20 million pounds across multiple crops, including strawberries, leafy greens and tomatoes. The massive indoor farming platform allows farmers to grow a wide variety of crops with a fraction of the land and up to 350x more yield per acre than conventional farms. The hub will use advanced technology and customized approaches to farming. The farm will grow Driscoll’s strawberries as part of a unique project to vertically farm berries at scale. The first crops are expected to be available in winter 2023-2024 at retailers throughout the Northeast of the US. The Plenty Richmond Farm Campus will then expand over time to include farms growing other produce, such as Plenty’s signature pesticide-free leafy greens, using Plenty’s patented platform. Plenty’s controlled indoor growing environments optimize produce for flavor, texture and size by tailoring nutrients, water and light to the needs of each plant. By Gaynor Selby

Plenty Web Traffic

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Page Views per Million (PVPM)
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Plenty Rank

  • When was Plenty founded?

    Plenty was founded in 2014.

  • Where is Plenty's headquarters?

    Plenty's headquarters is located at 590 Eccles Ave, South San Francisco.

  • What is Plenty's latest funding round?

    Plenty's latest funding round is Series E.

  • How much did Plenty raise?

    Plenty raised a total of $935M.

  • Who are the investors of Plenty?

    Investors of Plenty include SoftBank Group, One Madison, JS Capital, Walmart, Driscoll's and 8 more.

  • Who are Plenty's competitors?

    Competitors of Plenty include Gotham Greens, IGS, Soli Organic, Crop One, Agricool, Square Roots, Bowery Farming, InFarm, Dream Harvest Farming Company, Back to the Roots and 12 more.

You May Also Like

A
AeroFarms

AeroFarms provides aeroponic growing technology and LED lighting systems that grow produce without soil and without sun, all year round and in any location. AeroFarms' modular, vertically stackable systems are designed for locating in old or vacant urban buildings, enabling local production of pesticide-free, fresh, clean greens. AeroFarms' systems transform food production into a more sustainable, efficient, and safe process by enabling profitable, commercial-scale vertical farming in urban centers.

Gotham Greens Logo
Gotham Greens

Gotham Greens is an agribusiness that builds and operates commercial-scale greenhouse facilities for fresh vegetable production. The firm produces greenhouse-grown vegetables and herbs which are grown using hydroponic methods in climate-controlled rooftop greenhouses in Brooklyn. The firm was founded in 2009 and is based in Brooklyn, New York.

Bowery Farming Logo
Bowery Farming

Bowery Farming uses robotics, LED lighting, computer vision, sensors, and data analytics to grow leafy greens with no pesticides and very little water indoors.

FreshBox Farms Logo
FreshBox Farms

FreshBox Farms is a hydroponic farm providing fresh, hyper local, non-gmo based produce.

Freight Farms Logo
Freight Farms

Freight Farms creates access to food in areas of the world where the climate cannot support traditional farming methods. The Freight Farms' system brings a high volume of fresh, quality and affordable food within reach of everyone along the food supply chain. By enabling high-yield crop production in any climate, Freight Farms offer an immediate foundation to grow a local food economy and sustainable food system.

InFarm Logo
InFarm

InFarm is a vertical farming start-up that provides urban communities with the tools to grow fresh local produce indoors. The company combines food technology production and sustainable design to create highly efficient vertical farms in cities.

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