Local Bounti

Local Bounti

Turn a New Leaf®

Founded 2018

Hamilton, United States 156 employees Post-IPO Debt Total: $493.30M Agriculture, Food and Beverage

Local Bounti is a United States-based startup that aims to bring locally grown, fresh produce to communities using sustainable farming practices. Established in 2018, the company's mission is to foster sustainable markets and partnerships, reduce environmental impact, and minimize waste through its innovative approach. Local Bounti received a significant investment of $145.00M in Post-IPO Debt from Cargill on 29 March 2023, indicating strong backing from key industry players. The company's commitment to sustainability and freshness is underscored by its use of advanced greenhouse technology, enabling the year-round production of non-GMO greens with only 10% water and land compared to conventional agriculture. Local Bounti is driven by the belief that local produce is best, emphasizing the benefits of reduced transportation distances and immediate access to fresh, nutrient-rich products. Additionally, by prioritizing optimal growing conditions, the company ensures that its offerings are of the highest nutritional value and taste, providing consumers with a superior product that aligns with their values. Furthermore, Local Bounti's innovative approach challenges the traditional concept of "freshness" in the produce industry. By re-imagining what it means to be fresh, the company offers a wide range of living products that maintain the produce's quality for extended periods, delivering a new standard of freshness to consumers. This dedication to excellence is further exemplified by Local Bounti's determination to pioneer a new path in sustainable farming, showcasing its resilience and commitment to achieving extraordinary results. In summary, Local Bounti has established itself as a transformative force in the Agriculture sector, securing significant investment and support from industry leader Cargill while championing sustainability, freshness, and community well-being.

Funding Stage	Amount	Investors	Lead Investors	Date
Post IPO Debt	$145.00M	1	Cargill	29 Mar 2023
Post IPO Equity	$23.30M	2	Fidelity, BNP Paribas Asset Management	24 Oct 2022
Post IPO Equity	$125.00M	3	Cargill, Fidelity +1	03 Dec 2021
Debt Financing	$200.00M	1	Cargill	07 Sep 2021

Funding Stage

Amount

Investors

Lead Investors

Date

Post IPO Debt

$145.00M

Cargill

29 Mar 2023

Post IPO Equity

$23.30M

Fidelity, BNP Paribas Asset Management

24 Oct 2022

Post IPO Equity

$125.00M

Cargill, Fidelity +1

03 Dec 2021

Debt Financing

$200.00M

Cargill

07 Sep 2021

FAQ About Local Bounti

Turn a New Leaf®

Local Bounti was founded in 2018.

Local Bounti is headquartered in Hamilton, United States.

Local Bounti operates in Agriculture and Food and Beverage. Its work centres on agriculture, hydroponic greenhouse, controlled environment agriculture and sustainable farming.

Local Bounti has approximately 156 employees.

Local Bounti has completed 4 funding rounds, raising a total of $493.30M. The latest funding stage is Post-IPO Debt.

Top alternatives and competitors to Local Bounti include BrightFarms, VIGEO GARDENS, Plenty®, Vartak Foods & Beverages, Agria. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Local Bounti and BrightFarms are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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Funding Rounds & Investors (4)

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FAQ About Local Bounti