Hippo Harvest, a San Francisco, CA-based controlled environment agriculture (CEA) startup, raised $21M in Series B funding.
The round was led by Standard Investments. Congruent Ventures, Amazon’s Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners also participated.
The company intends to use the funds to scale its greenhouse operations and to expand its product offerings into new categories of leafy greens.
Led by CEO Eitan Marder-Eppstein, Hippo Harvest utilizes a closed-loop, non-recirculating, direct-to-root fertilizer system, machine learning and autonomous mobile robots to calculate and distribute water, fertilizer, light, and heating on a micro-climate basis throughout its greenhouses.
Commenting on the news, Eitan Marder-Eppstein said: “Our team’s work over the past twelve months demonstrates our ability to create modular, cost-effective growing systems that can be deployed across the country. We look forward to working with our investors to make it a reality.”
FinSMEs
14/02/2024