Fundraising Fox

Bowery

Unicorn · $2.3BDefunct

New 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

IFIrving Fain
Irving FainCEO & Founder2015–2024
CL
Christopher LivingstonExecutive
DTDarren Thompson
Darren ThompsonExecutive

Board

AW
Andy WheelerBoard director
SR
Sara RoblingBoard director
HTHans Tung
Hans Tungin𝕏Board directorManaging Partner at Notable Capital
RHRob Hayes
Rob Hayesin𝕏Board directorFirst Round Board Partner; former Palm product leader and Omidyar technology investor; early backer of Uber, Square and Mint
SB
Sagar BhadraBoard director
MLMichael Lynton
Michael LyntonBoard director

Investors · 15

Also in the syndicate · 5

Chris PaulJosé AndrésLewis HamiltonNatalie PortmanTom Colicchio

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 Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$8.4MraisedFeb 2022 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$320.7MraisedAug 2021 · 62 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$91MraisedDec 2018 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$22.2MraisedJun 2017 · 25 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$2.3Bvaluation at Series CJan 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Bowery 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 reported
Commercial farms operatedJan 20243 farms
Jobs lost at Baltimore County facility on closureNov 202483 jobs
Relative indoor yield vs outdoor operationsJan 2024100 x
Retail locations servedJan 2024850 locations
Total funding raisedJan 2021$472M
ValuationJan 2021$2.3B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Bowery for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Nov 2024
Bowery Farming ceased operations

The 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.

source ↗

Jan 2022
Acquired farming robotics firm Traptic

Bowery bought robotics company Traptic, particularly for vine crops.

source ↗

Jan 2021
Added third commercial smart farm in Bethlehem, Pennsylvania

source ↗

Jan 2021
Opened Farm X innovation hub in Kearny, New Jersey

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.

source ↗

Jan 2021
Hired former Samsung Chief Technologist Injong Rhee as CTO

Rhee was hired to accelerate integration of Bowery's proprietary technology across its network of vertical smart farms.

source ↗

Jan 2015
Bowery Farming founded in New York by Irving Fain with cofounders David Golden and Brian Falther

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.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
BoweryDelaware

In 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.