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

Urban Farm DB summary

TechCrunch reported that vertical farming company Plenty filed for bankruptcy on March 24, 2025. Founded in 2014, it had raised about $1 billion and was valued at $1.9 billion in its January 2022 Series E round, with backers including SoftBank, Walmart, and Bezos Expeditions, before collapsing. It secured $20.7 million in debtor-in-possession financing and plans to continue operating its Virginia strawberry farm and Wyoming plant science R&D center.

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.

• 1 billion_usd

  total funding raised(plenty)

  EconomicsControl: since founding in 2014

  region

  United States

• 1.9 billion_usd

  valuation(plenty)

  EconomicsControl: Series E round

  region

  United States

  year

  2022-01

• 20.7 million_usd

  dip financing(plenty)

  Economics

  region

  United States

  year

  2025

Direction of conclusions

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• Economic viabilityContradicts