AppHarvest is a high-tech agriculture company focused on producing vegetables through controlled-environment indoor farms. Using robotics, AI technology, and environmentally sustainable processes, the company cultivates crops using sunlight, rainwater harvesting systems, and advanced automation tools. Its farms are designed to reduce water usage, optimize yield, and support year-round cultivation.
The company supplies produce to major retailers and partners across the United States. Through its AI-based monitoring and robotics deployment, AppHarvest aims to build a modern, efficient, and sustainable food supply system for future generations.
What Is AppHarvest and What Does It Do?
AppHarvest, founded in 2014 by Jonathan Webb, is headquartered in Morehead, United States. The company operates as a producer and supplier of vegetables using AI-powered indoor farms to enhance agricultural productivity.
AppHarvest uses high-tech greenhouses, robotics, and automated environmental control systems to optimize growing conditions. Its farming model relies on natural sunlight, stored rainwater, and advanced monitoring technologies to reduce environmental impact and improve crop yield.
With a workforce of 478 employees as of December 2022, AppHarvest continues to scale its indoor farm network and develop sustainable solutions for modern agriculture.
How Much Funding Has AppHarvest Raised?
1. Post IPO
- Amount Raised: $28M
- Date: August 2020
- Lead Investors: Narya, ValueAct Capital, Revolution, Equilibrium, Lupa Systems, Endeavor, Breyer Labs, Peter Thiel, S2G Ventures
- Motivation: To expand indoor farming infrastructure and accelerate development of AI-enabled agricultural facilities.
2. Series A
- Amount Raised: $11M
- Date: January 2020
- Lead Investors: ValueAct Capital, Equilibrium, Revolution
- Motivation: To support operational growth and enhance early-stage farm development.
3. Series A
- Amount Raised: $82M
- Date: March 2019
- Lead Investors: ValueAct Capital, Revolution, Equilibrium
- Motivation: To build large-scale controlled-environment farms and scale sustainable farming technologies.
Total Funding Raised: $150 Million
Latest Funding Date: August 2020
Key Investors
1. ValueAct Capital
- Details: Investment firm backing mission-driven and technology-driven companies.
- Investment Focus Areas: Sustainability, technology, industrial transformation.
- Notable Investments: AppHarvest, Motorola Solutions, Seagate Technology.
2. Revolution
- Details: Venture firm founded by Steve Case focusing on companies transforming traditional industries.
- Investment Focus Areas: Food systems, health, mobility, consumer innovation.
- Notable Investments: AppHarvest, Sweetgreen, DraftKings.
3. Equilibrium
- Details: Sustainability-focused investment firm supporting agricultural and environmental infrastructure.
- Investment Focus Areas: Controlled-environment agriculture, climate infrastructure, resource management.
- Notable Investments: AppHarvest, Revol Greens, Skytree.
Where Is AppHarvest’s Headquarters?
AppHarvest is headquartered in Morehead, Kentucky, a region conducive to controlled-environment agriculture due to its natural hillside water systems and abundant sunlight.
What’s Next for AppHarvest?
AppHarvest aims to expand its network of AI-powered indoor farms, enhance robotics-based harvesting, and improve energy-efficient climate control systems. The company plans to reduce its environmental footprint further and increase year-round production capacity. As demand for sustainable agricultural solutions rises, AppHarvest is positioned to lead advancements in controlled-environment farming, creating scalable food production systems for the future.
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