Last Words
“Feeding the future.” (Starved of funds.)
Raised
$500 million — growth stunted by financial drought
Cause of Death
High-tech farming… with low returns.
Notable twist
Raised over $500M. Filed for bankruptcy amidst funding drought.
Details
Pitch: “Revolutionizing agriculture with vertical farming.”
Plenty’s vertical farming tech was backed by Jeff Bezos and others, but its operating costs were sky-high, and the economics never scaled. Chapter 11 bankruptcy hit in 2025 as VC interest dried up and expansion halted.
