Bowery
Unicorn · $2.3BDefunctNew York, US · Delaware corporation · 15 known investors
Bowery Farming uses controlled environment agriculture to grow fresh produce locally in urban centers. The company aims to deliver high-quality, sustainable food at scale to city-based consumers and food service partners.
Also known as Bowery Farming · Bowery Farming, Inc.
Founders & leadership


Board


Investors · 15
Also in the syndicate · 5
Reported raises · per SEC filings
Form D private placements$527.8M disclosed across 5 of 6 rounds · 2017–2023
▶$85.4MraisedNov 2023 · 38 investors · Other TechnologyRule 506(b)
- Sara G. RoblingDirector
- Hans TungDirector
- Andy WheelerDirector
- Irving FainExecutive Officer, Director
- Sagar BhadraDirector
- Michael LyntonDirector
- Christopher LivingstonExecutive Officer
- Darren ThompsonExecutive Officer
- Rob HayesDirector
- Offering amount
- $220.5M
- Amount sold
- $85.4M
- Sales commissions
- $1.6M
- Proceeds to insiders
- $400K
- Placement agents
- Houlihan Lokey Capital, Inc.
- First sale
- Oct 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$8.4MraisedFeb 2022 · 9 investors · Other TechnologyRule 506(b)
- Christopher LivingstonExecutive Officer
- Sara RoblingDirector
- Sagar BhadraDirector
- Irving FainExecutive Officer, Director
- Michael LyntonDirector
- Andy WheelerDirector
- Darren ThompsonExecutive Officer
- Hans TungDirector
- Rob HayesDirector
- Offering amount
- $8.4M
- Amount sold
- $8.4M
- First sale
- Feb 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$320.7MraisedAug 2021 · 62 investors · Other TechnologyRule 506(b)
- Christopher LivingstonExecutive Officer
- Andy WheelerDirector
- Irving FainDirector
- Darren ThompsonExecutive Officer
- Sara RoblingDirector
- Hans TungDirector
- Michael LyntonDirector
- Rob HayesDirector
- Sagar BhadraDirector
- Offering amount
- $325.7M
- Amount sold
- $320.7M
- First sale
- May 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$91MraisedDec 2018 · 16 investors · Other TechnologyRule 506(b)
- Darren ThompsonExecutive Officer
- Andy WheelerDirector
- Spencer LazarDirector
- Hans TungDirector
- Rob HayesDirector
- Irving FainExecutive Officer, Director
- David GoldenDirector
- Offering amount
- $91M
- Amount sold
- $91M
- First sale
- Dec 2018
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$22.2MraisedJun 2017 · 25 investors · Other TechnologyRule 506(b)
- Hans TungDirector
- Spencer LazarDirector
- Rob HayesDirector
- Irving FainExecutive Officer, Director
- David GoldenExecutive Officer, Director
- Offering amount
- $22.7M
- Amount sold
- $22.2M
- First sale
- Apr 2017
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Bowery Farming, Inc. was a New York-based vertical farming and digital agriculture company that grew and delivered pesticide-free lettuce, leafy greens and herbs from indoor farms located near cities in New Jersey, Maryland and Pennsylvania. The company converted industrial warehouses into smart farms where crops were stacked vertically and grown hydroponically under LEDs with controlled air conditions, using a closed-loop water system. It described its indoor farms as capable of yielding up to 100 times more produce than outdoor operations in the same footprint, growing year-round without pesticides or GMOs.
Operations were coordinated by BoweryOS, a proprietary farm operating system that used networks of sensors and cameras, automation, robotics and AI to monitor plant health, adjust each crop's climate, signal harvest timing and record a traceable seed-to-store history that could be applied across multiple farms. Seed selection emphasized non-GMO varieties chosen for flavor rather than drought or pest resistance, with named products including basil, arugula, crispy leaf, mustard frills, bok choy and baby romaine.
At the time its website was published, Bowery listed a Manhattan headquarters, a Kearny, New Jersey research and development center (its first farm), a second farm in Kearny serving New Jersey, Connecticut and New York, and a Nottingham, Maryland farm serving Maryland, Virginia and Washington, D.C. Wikipedia describes the company as having operated three commercial farms and two R&D facilities. The company ceased operations in November 2024.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlapCompanies competing with Bowery for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 6
launches, deals, and filingsThe company shut down in November 2024, laying off staff at facilities in New Jersey, Pennsylvania and Maryland. Reported financial difficulties were attributed to weak demand for high-priced products and yield losses from a widespread plant disease across several facilities.
Bowery bought robotics company Traptic, particularly for vine crops.
Farm X was opened as an innovation hub for plant science, focused on growing crops beyond leafy greens and on seed breeding specifically for indoor farming.
Rhee was hired to accelerate integration of Bowery's proprietary technology across its network of vertical smart farms.
Irving Fain, who earlier co-founded CrowdTwist (acquired by Oracle for $100 million), founded Bowery Farming in 2015 and brought on David Golden and Brian Falther as cofounders; Henry Sztul joined shortly after as part of the founding team and led development of BoweryOS.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Boweryboweryfarming.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Bowery do?
- New York vertical farming company that grew pesticide-free greens in indoor farms and ceased operations in November 2024.
- Who founded Bowery?
- Bowery was founded by Irving Fain.
- Who are Bowery's investors?
- Bowery's investors include Homebrew, Red Swan Ventures, RRE Ventures, SV Angel, First Round Capital, General Catalyst, Inertia Ventures, Notable Capital and 2 more.
- How much funding has Bowery raised?
- Bowery has disclosed $527.8M raised across 5 of its 6 known rounds.
- Where is Bowery headquartered?
- Bowery is headquartered in New York, US.




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