Cox Enterprises Expands its Cleantech Portfolio with Acquisition of BrightFarms

Cox Enterprises Expands its Cleantech Portfolio with Acquisition of BrightFarms

Catalyst exited its investment in BrightFarms with Cox Enterprises’ acquisition of the indoor farming company and provider of locally grown packaged salads. The move solidifies BrightFarms’ leadership in the indoor agriculture space and provides a strong, stable foundation committed to accelerating growth with partner retailers.

BrightFarms Accelerates Indoor Farming Innovation Tenfold With Formation Of R&D Hub

Catalyst portfolio company BrightFarms, the leading grower of indoor leafy greens, announced the formation of BrightLabs, a world-class innovation and research hub launching at its Ohio growing facility. Matt Lingard, PhD, a former Bayer plant scientist with over 15 years of experience working at the intersection of biotechnology and greenhouse science, will lead the BrightLabs team as Vice President of Agriculture and Science.

The Packer | BrightFarm’s Paul Lightfoot heads USDA industry advisory group

CEO of Catalyst portfolio company BrightFarms, Paul Lightfoot, was named chairman of the USDA Fruit & Vegetable Industry Advisory Committee. A healthy and sustainable food zealot, Lightfoot leads BrightFarms on its mission to provide supermarkets with the freshest, tastiest and most responsibly grown local produce. Through his vision, BrightFarms has created the first national brand of locally grown produce.

BrightFarms Secures $100 Million Series E Round of Funding to Expand High-Tech Indoor Farming Across the U.S.

BrightFarms has secured more than $100 million in debt and new equity capital to support robust expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors. BrightFarms will use the funds to invest in its current farms and retail programs and expand its network of regional indoor farms across the U.S.

BrightFarms Celebrates 2,000th Store Distribution Milestone

Catalyst portfolio company BrightFarms, a leading supplier of locally grown salads, recently surpassed 2,000 stores, bringing their total store count to 2,009. BrightFarms has added more than 800 stores this year amid a record surge in demand that has increased year over year sales growth by 40% in the last month. The company’s growth has been driven by continued success with national retail partners like Ahold Delhaize USA and Kroger/Roundy’s and Walmart, along with recent product launches in Sam’s Club and Meijer.

AndNowYouKnow | BrightFarms Partners With Ahold-Delhaize to Expand in the Mid-Atlantic

Catalyst portfolio company BrightFarms, the locally grown salad provider, recently announced that it is expanding distribution in the Mid-Atlantic, tapping Ahold banner Food Lion’s more than 330 Virginia-based stores. Following the expansion, the partnered Food Lion locations will be serviced from BrightFarms’ Culpeper, Virginia, greenhouse.