Wall Street Journal | BrightFarms Raises $55 Million in New Funding Round

Wall Street Journal | BrightFarms Raises $55 Million in New Funding Round

Indoor farming startup BrightFarms Inc. raised $55 million in new funding to open more hydroponic greenhouses across the U.S. as it seeks to capitalize on rising demand for locally grown food. The Series D round is led by Cox Enterprises Inc. and includes funding from existing investors Catalyst Investors, WP Global Partners and NGEN Partners.

Cincinnati Business Courier: BrightFarms expands to Ohio

Catalyst-backed BrightFarms is expanding its operations to Ohio, opening a $10 million Greater Cincinnati facility to supply large grocery chains in the region. The Wilmington greenhouse is BrightFarms’ fourth, behind the original concept greenhouse in Pennsylvania, one in Northern Virginia and one in Rochelle.

Reputation Institute expands in APAC

Catalyst portfolio company Reputation Institute opened new offices in Australia and New Zealand. The expansion enables RI to raise its game in the APAC region, allowing the team to better serve its clients and create significant opportunity to further drive the company’s growth.

The Packer: BrightFarms building fifth greenhouse

Catalyst-backed BrightFarms announced its fifth production greenhouse will be built in Abilene, Texas. The company has production facilities in Rochelle, Ill., Bucks County, Pa., and Culpepper County, Va. A Wilmington, Ohio, facility is scheduled to open in July.

Fusion’s UK team expands

Catalyst-backed Fusion Risk Management, Inc. announced the addition of two senior sales executives in the United Kingdom. Derek McGee and Laura Sloan joined Fusion this month as the company expands European operations to meet rapidly growing demand for its solutions.

WeddingWire UK Launches

Catalyst-backed WeddingWire WeddingWire, the global online leader connecting engaged couples with wedding professionals, launched its website in the United Kingdom, WeddingWire.co.uk.

BrightFarms breaks ground on Ohio greenhouse

Catalyst-backed BrightFarms Inc. broke ground in Wilmington on its first greenhouse farm in Ohio. The 120,000 square-foot farm will provide locally grown salad greens and herbs to supermarkets in the Dayton, Cincinnati and Columbus metro areas. The farm will create 30 permanent jobs, reduce the amount of miles food has to travel to consumers and improve the environmental impact of the food supply chain.