AppHarvest: Raises $11M in Funding
- AppHarvest, a Morehead, Kentucky-based agtech company, closed an $11m corporate funding round
- Investors also included ValueAct Capital, Equilibrium, Revolution’s Rise of the Rest Seed Fund and Blake Griffin Enterprises
- Then the company intends to use the funds to expands operations to support indoor farms across Central Appalachia
- The $82M all-cash deal also conducted through Equilibrium’s Controlled Environment Foods Fund
- AppHarvest is an amazing agri-tech company, said Andy Beshear, Governor of Kentucky
- The non-profit group Feeding America estimates that 12.9 percent of Americans
