Local Bounti Corporation/DE
NYSE: LOCLHamilton, US · Founded 2021 · Delaware corporation
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Local Bounti grows leafy greens and herbs year-round in controlled environment agricultural facilities using its proprietary Stack & Flow Technology, a hybrid approach combining vertical farming with greenhouse operations, and distributes fresh produce to approximately 13,000 retail locations across 35 U.S. states, primarily to major grocers. The company operates multiple production facilities across Montana, California, Georgia, Washington, and Texas, focusing on resource efficiency and sustainability through significantly reduced water and land usage compared to traditional field agriculture.
Founders & leadership
Local Bounti Corporation/DE was founded in 2021 by Craig M. Hurlbert and Travis M. Joyner.
Board
Reported raises · per SEC filings
Form D private placements$40.3M disclosed across 2 rounds · 2022–2025
▶$25MraisedApr 2025 · 2 investors · AgricultureRule 506(b)
- Pamela BrewsterDirector
- Mark J. NelsonDirector
- Travis JoynerDirector
- Matthew NordbyDirector
- Craig M. HurlbertExecutive Officer, Director
- Kathleen ValiasekExecutive Officer
- Margaret McCandlessExecutive Officer
- Charles R. Schwab, Jr.Director
- Michael MolnarDirector
- Offering amount
- $25M
- Amount sold
- $25M
- Minimum investment
- $1M
- First sale
- Mar 2025
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
▶$15.3MraisedOct 2022 · 18 investors · AgricultureRule 506(b)
- Pamela BrewsterDirector
- Mark McKinneyExecutive Officer
- Craig M. HurlbertExecutive Officer, Director
- Matthew NordbyDirector
- Gary HilbergExecutive Officer
- B. David VosburgExecutive Officer
- Margaret McCandlessExecutive Officer
- Edward C. ForstDirector
- Mark J. NelsonDirector
- Travis JoynerExecutive Officer, Director
- Brian CookExecutive Officer
- Kathleen ValiasekExecutive Officer
- Offering amount
- $23.3M
- Amount sold
- $15.3M
- First sale
- Oct 2022
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Local Bounti Corporation/DE do?
- Local Bounti grows leafy greens and herbs year-round in controlled environment agricultural facilities using its proprietary Stack & Flow Technology, a hybrid approach combining vertical farming with greenhouse operations, and distributes fresh produce to approximately 13,000 retail locations across 35 U.S. states, primarily to major grocers. The company operates multiple production facilities across Montana, California, Georgia, Washington, and Texas, focusing on resource efficiency and sustainability through significantly reduced water and land usage compared to traditional field agriculture.
- Who founded Local Bounti Corporation/DE?
- Local Bounti Corporation/DE was founded by Craig M. Hurlbert, Travis M. Joyner in 2021.
- How much funding has Local Bounti Corporation/DE raised?
- Local Bounti Corporation/DE has disclosed $40.3M raised across 2 rounds.
- Where is Local Bounti Corporation/DE headquartered?
- Local Bounti Corporation/DE is headquartered in Hamilton, US.