Bowery Secures $50M Extension to Scale Indoor Farms

Bowery, founded in 2015, builds fully automated indoor farms that grow leafy greens without pesticides, using 95 % less water and claiming over 100× the yield per square foot of traditional agriculture. After a $90 million Series B round in late 2022, the company sought additional capital to accelerate expansion.

The $50 million extension, led by Temasek and joined by Henry Kravis, financed a new farm 3.5× larger than the existing one in the Baltimore‑DC metro area. The expanded network now supplies Whole Foods, Amazon Fresh and other retailers, reinforcing Bowery’s claim of zero‑pesticide, high‑efficiency produce.

Funding reached $172.5M, funding a 3.5× larger Baltimore‑DC farm and expanding pesticide‑free greens to Whole Foods, Amazon Fresh and other retailers.

To fund construction of a significantly larger indoor farm and meet rising retailer demand for pesticide‑free produce.

To bring in strategic investors with expertise in global food systems and scaling operations.

To de‑risk expansion by securing follow‑on capital before committing to major capital expenditures.

Follow‑on investment from strategic backers can supply the capital needed to scale capital‑intensive, tech‑driven agriculture while maintaining a sustainability mission.

Since the extension, Bowery has opened the Baltimore‑DC facility, increased its retail footprint, and continued to promote its technology‑driven, sustainable farming model as a solution to climate and food‑system challenges.