AppHarvest
AppHarvest, Inc. is a food production company based in Lexington, Kentucky, established in 2017. It focuses on building and operating controlled-environment greenhouse farms that utilize advanced technology to grow non-GMO, chemical-free vegetables. By combining traditional agricultural practices with modern innovations, AppHarvest aims to create a sustainable and climate-resilient food system. The company's greenhouses are designed to optimize water usage, distributing more while significantly reducing overall consumption. Through its efforts, AppHarvest seeks to address the challenges of food production in a changing climate, contributing to a more sustainable agricultural landscape.
Top Stages
3 past transactions
Red Sea Farms
Series A in 2021
Red Sea Farms is a company based in Thuwal, Saudi Arabia, specializing in sustainable agriculture solutions tailored for saltwater and desert environments. It focuses on developing innovative technologies that enhance produce cultivation while conserving water and energy. The company offers a range of products and services, including technical consultancy, design, and project management for greenhouse and hydroponic farming systems. With its patent-pending technology, Red Sea Farms aims to enable farms to produce higher quality food more efficiently, ultimately increasing profitability in an environmentally sustainable manner.
Root AI
Acquisition in 2021
Root AI, Inc. is a Woburn, Massachusetts-based company that develops artificial intelligence-powered robots specifically designed for indoor farming. Founded in 2018 by Joshua Lessing and Ryan Knopf, Root AI focuses on creating intelligent robotics that assist growers in building advanced agricultural systems. The company’s flagship product, the Virgo 1, is an autonomous robot capable of harvesting tomatoes without causing bruising and is equipped with advanced vision systems to better assess ripeness than human workers. Root AI aims to enhance efficiency in indoor farming, enabling growers to produce high-quality, chemical-free produce while optimizing operational processes.
Novus Capital
Acquisition in 2020
Novus Capital Corporation is a special purpose acquisition company, established in 2020 and headquartered in Indianapolis, Indiana. The company is dedicated to fostering sustainability and social equity by leveraging technological innovation. Novus Capital aims to identify and execute its initial business combination with a company that aligns with the expertise of its management team, focusing on creating positive societal impacts through its investments.
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