Bowery Farming is ceasing operations

Urban Farm DB summary

TechCrunch reported that vertical farming company Bowery Farming ceased operations on November 4, 2024. The company had raised more than $700 million and was valued at over $2 billion in its 2021 funding round, but had gone through multiple rounds of layoffs in 2023. The article places this alongside the bankruptcies of AeroFarms and AppHarvest as evidence of a broader downturn in the vertical farming sector.

Only numbers and their conditions are stored, as structured data — never the source's own sentences. Metric and condition names stay in English, as coded.

• 700 million_usd

  total funding raised(bowery farming)

  EconomicsControl: more than $700 million

  region

  United States

• 2 billion_usd

  valuation(bowery farming)

  EconomicsControl: more than $2 billion, 2021 funding round

  region

  United States

  year

  2021

Direction of conclusions

Each author conclusion is recorded only as a coded direction per topic. Read the original for the conclusion itself.

• Economic viabilityContradicts