Hippo Harvest Secures $21M in Series B Funding
February 20, 2024, 10:20 am
Hippo Harvest, a San Francisco-based controlled environment agriculture (CEA) startup, has successfully raised $21M in Series B funding. The round was spearheaded by Standard Investments, with participation from Congruent Ventures, Amazon’s Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners.
Hippo Harvest, under the leadership of CEO Eitan Marder-Eppstein, is revolutionizing the agriculture industry with its innovative approach. By utilizing a closed-loop, non-recirculating, direct-to-root fertilizer system, machine learning, and autonomous mobile robots, the company is able to efficiently distribute water, fertilizer, light, and heating on a micro-climate basis throughout its greenhouses.
With the newly acquired funds, Hippo Harvest plans to scale its greenhouse operations and diversify its product offerings to include new categories of leafy greens. CEO Eitan Marder-Eppstein expressed excitement about the company's progress over the past year and its potential to deploy cost-effective growing systems nationwide.
Hippo Harvest's commitment to sustainability and cutting-edge technology has attracted a strong group of investors who believe in the company's vision. The startup's modular greenhouse design allows for produce to be grown closer to consumers while using fewer resources, marking a significant advancement in the field of controlled environment agriculture.
As Hippo Harvest continues to grow and expand its reach, the company remains dedicated to creating a more sustainable and efficient future for agriculture. With the support of its investors, Hippo Harvest is poised to make a lasting impact on the industry.
FinSMEs
14/02/2024
Hippo Harvest, under the leadership of CEO Eitan Marder-Eppstein, is revolutionizing the agriculture industry with its innovative approach. By utilizing a closed-loop, non-recirculating, direct-to-root fertilizer system, machine learning, and autonomous mobile robots, the company is able to efficiently distribute water, fertilizer, light, and heating on a micro-climate basis throughout its greenhouses.
With the newly acquired funds, Hippo Harvest plans to scale its greenhouse operations and diversify its product offerings to include new categories of leafy greens. CEO Eitan Marder-Eppstein expressed excitement about the company's progress over the past year and its potential to deploy cost-effective growing systems nationwide.
Hippo Harvest's commitment to sustainability and cutting-edge technology has attracted a strong group of investors who believe in the company's vision. The startup's modular greenhouse design allows for produce to be grown closer to consumers while using fewer resources, marking a significant advancement in the field of controlled environment agriculture.
As Hippo Harvest continues to grow and expand its reach, the company remains dedicated to creating a more sustainable and efficient future for agriculture. With the support of its investors, Hippo Harvest is poised to make a lasting impact on the industry.
FinSMEs
14/02/2024