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Bowery Farming is ceasing operations

Vertical farming startup Bowery Farming was last valued at $2.3bn but according to PitchBook will be ceasing operations.

Agtech unicorn Bowery Farming is shutting down, according to PitchBook, which cited internal documents and multiple company employees. The New York-based agtech company was known for building vertical farms that could produce crops including: lettuces, herbs and berries. The company has raised more than $700 million in funding, according to PitchBook data, from VCs including First Round Capital, General Catalyst and GV, among many others.

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