Plenty Raises $400M in Series E
Plenty has successfully raised $400M in a Series E at a $1B valuation led by SoftBank Vision Fund, Jeff Bezos.
Company Overview
Plenty is a AgTech company headquartered in South San Francisco, CA, founded in 2014 with 300+ employees.
Vertical farming technology
Fundraising Details
- Amount Raised: $400M
- Round Type: Series E
- Valuation: $1B
- Date: 2021-01-19
- Investors: SoftBank Vision Fund, Jeff Bezos
About Plenty
Vertical farming technology The company is positioned in the AgTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: South San Francisco, CA
- Founded: 2014
- Team Size: 300+
- Industry: AgTech
What This Means
This funding round demonstrates strong investor confidence in Plenty's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AgTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Plenty's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Plenty, positioning the company among notable players in the AgTech industry.
Looking Ahead
With this new capital, Plenty is well-positioned to execute on its growth strategy and continue building innovative solutions in the AgTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-01-19. For more information about Plenty, visit their headquarters at South San Francisco, CA.
