Plenty of Green Behind Massive Greenhouse Vegetable Projects
February 5, 2020 
AppHarvest, a Kentucky-based greenhouse vegetable operation slated to begin operations later this year, has yet to produce a crop, but is already building up its funding. The company recently closed an $11 million corporate funding round, as it expands operations to support indoor farms across Central Appalachia. AppHarvest’s first project — a 2.76-million-square-foot facility in Morehead, KY — is under construction and will begin operations later this year.
Combined with the company’s prior corporate funding rounds, including project financing, AppHarvest has attracted $120 million of investment into Appalachia in just two years.
Participants in this round include:
- Equilibrium, which provided nearly $100 million in project financing for the Morehead facility
- Existing investor ValueAct Capital’s ValueAct Spring Fund
- Existing investor Revolution’s Rise of the Rest Seed Fund
- Blake Griffin Enterprises
Utilizing cutting-edge technologies and aligning with nature, AppHarvest’s Farming Now movement means growing far more food using far fewer resources. The company promotes permanent sustainability advances in American agriculture and is building large indoor farms to grow non-GMO, chemical-free tomatoes to be distributed to the top 25 U.S. grocers.
Read more at GreenhouseGrower.com.
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