Tech Company Financing Transactions
Planet Farms Funding Round
Private investors participated in a $40 million funding round for Planet Farms. The round was announced on 11/23/2023.
Transaction Overview
Company Name
Announced On
11/23/2023
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Proceeds Purpose
A significant portion of the capital will be used to finalise the completion of a new factory located just outside Milan. Planned to be fully operational by the end of summer 2024, with a projected growth surface of 20,000 m², Planet Farms' new facility will be one of the largest of its kind globally.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
Via Santa Maria in Campo 10
Cavenago di Brianza, 20873
IT
Cavenago di Brianza, 20873
IT
Phone
Website
Email Address
Overview
Planet Farms is a leading vertical farming company, founded in 2018 in Milan, that has developed a vertical cultivation system unique in the world, allowing the perfect harmonization of all the fundamental parameters for cultivating rich in taste and highly nutritious greens. The union of world-class technology and the best Italian agronomic tradition offers a concrete, scalable answer to the need for healthy, high quality greens, available all year round, affordable for everyone, and have low environmental impact.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Luca Travaglini
Co-Founder
Daniele Benatoff
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