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Indoor farming facility Bowery Farming shutters in Nottingham, laying off 83 employees [Yahoo! Finance]
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The notification put out by the department stated that as of Nov. 1, the facility would no longer be in operation. The company's facility in Pennsylvania closed that day as well — laying off 104 employees. Bowery Farming specialized in using technology to grow leafy vegetables like lettuce indoors without pesticides. The New-York based company was founded in 2015, and its facilities provided “100x more produce per square foot of land than traditional farms with the same footprint with 100% renewable energy and 90% less water,” according to its website. Bowery Farms' products hit the market in 2016, and the company raised over $700 million in venture capital from investors like First Round Capital, General Catalyst, Google Ventures, GGV Capital, Fidelity and Temasek. At its peak, the indoor farming company was valued at over $2 billion. Products from Bowery Farms were sold to more than 2,600 grocery stores and e-commerce platforms, such as Giant, Walmart, Whole Foods and Amazo
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