New York Business Journal on Catalyst portfolio company BrightFarms going national
Chicago & New York Business Journal
By I-Chun Chen
BrightFarms Inc. is a New York City-based greenhouse farm startup that aims to become a national brand for local produce by shortening the distance produce travels, providing food that it says is one-week fresher than the supermarket industry standard.
Last September, BrightFarms closed on a $30.1 million Series C equity financing round led by New York-based Catalyst Investors, joined by existing investors WP Global Partners, based in Chicago, and New York-based NGEN Partners.
“This investment will enable us to dramatically expand our markets and provide more Americans with fresh, delicious, locally grown produce on a year-round basis,” BrightFarms CEO Paul Lightfoot said at the time.
BrightFarms currently operates greenhouse farms in Northern Virginia near Washington, D.C.; Rochelle, Illinois; and in Bucks County, Pennsylvania, north of Philadelphia.