Funding round
Plenty Series B
Plenty, which works in indoor vertical farming production in South San Francisco, raised $200M in a Series B round announced on 19 Jul 2017, led by SoftBank, at a $700M post-money valuation. 2 firms took part, with 1 individual investor. It is Plenty's first venture round on record.
$200M
Amount raised
$700M
Post-money valuation
$500M pre-money
2
Investors
1 lead
29%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Plenty at $700M after the new money. The $200M bought investors about 29% of the company. It is Plenty's first venture round on record, 4 years after it was founded in 2013. It is 33% of the $600M Plenty has raised in the venture rounds on record. Plenty raised again 54 months later: a Series E round of $400M in Jan 2022, at $1.90B post-money.
Plenty's funding rounds
Plenty has 2 venture rounds on record. This one is highlighted.
- Series B this round 19 Jul 2017, led by SoftBank $200M$700M post-money
- Series E 25 Jan 2022, led by One Madison Group and JSCapital $400M$1.90B post-money
Investors
Who put money in
SoftBank led the round with 1 other firm.
Lead investor
- SoftBank
Also in the round
- Innovation Endeavors backs 110 venture-backed companies
Individual investors: Louis Bacon.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Farms & Agriculture Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Farms & Agriculture Production | 9 Aug 2017 | $10M | not disclosed | Global Innovation Fund |
| Farms & Agriculture Production | 7 Mar 2017 | $10M | not disclosed | Accel |
| Farmers Business Network Farms & Agriculture Production | 9 Aug 2016 | $20M | not disclosed | Acre Venture Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Plenty raise in its Series B round?
Plenty raised $200M in its Series B round, announced in Jul 2017.
Who led Plenty's Series B round?
SoftBank led it, with Innovation Endeavors.
What was Plenty's valuation at the Series B round?
$700M post-money ($500M pre-money).
Did Plenty raise again after this round?
Yes: a Series E round in Jan 2022 of $400M at $1.90B post-money.