Upward Farms
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 1.3m | 1.3m | 4.5m | 14.8m | 14.8m |
% growth | - | - | 244 % | 229 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$5.0m | Seed | ||
$15.0m | Seed | ||
N/A | N/A | Series A | |
$15.0m | Late VC | ||
Total Funding | CAD47.7m |
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Recent News about Upward Farms
EditUpward Farms is an innovative indoor vertical farming company based in Brooklyn, New York. The company specializes in growing leafy greens and fish using sustainable and eco-friendly methods. Upward Farms operates in the agricultural technology sector, focusing on providing nutritious and locally grown food to consumers. The company serves a diverse range of clients, including local grocery stores, restaurants, and direct consumers who value high-quality, organic produce.
The business model of Upward Farms revolves around vertical farming, which allows for the efficient use of space and resources. This method involves growing crops in stacked layers, often in controlled indoor environments, which maximizes yield and minimizes environmental impact. The company generates revenue by selling its produce and fish directly to consumers and through partnerships with local businesses.
Upward Farms is also expanding its operations with the construction of a new 250,000 square foot facility in Luzerne County, which will be the largest vertical farm in the world upon completion. This expansion will enable the company to increase its production capacity and reach a broader market.
Keywords: vertical farming, leafy greens, fish, sustainable, eco-friendly, organic, local food, agricultural technology, Brooklyn, Luzerne County.