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BrightFarms Doubles Funding with $55m Series D

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BrightFarms, the controlled environment agriculture (CEA) company, has raised a $55 million Series D round, bringing the greenhouse grower’s total funding to more than $100 million.

BrightFarms grows salad greens and herbs in hydroponic greenhouses in Illinois, Pennsylvania, Virginia, and Ohio. The new funds will largely go toward building more greenhouse facilities and expanding the company’s geographical footprint. A new farm in Ohio will open this summer, followed by a Texas facility in early 2019, according to a statement.

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