Vertical farming company Plenty files for bankruptcy after raising nearly $1B

Quick Summary:

Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday.

In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan.

In September 2023, it exited bankruptcy protection fully funded.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: StartupsBusiness

Markets: United States

Topics: Vertical farming Plenty Jeff bezos Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 22:13:02 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 27374422

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