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Hippo Harvest

Hippo Harvest Closes $30 Million Series C Led by Cox Farms

Funding accelerates the company’s next phase of growth as Hippo Harvest brings indoor-grown organic greens to retail buyers at scale.

Hippo Harvest, a leafy greens grower whose robotics- and machine learning-powered greenhouses produce USDA-certified organic greens, today announced the close of a $30 million Series C funding round led by Cox Farms, North America’s largest greenhouse operator.  The investment will unlock a 30-acre expansion at a new Hollister, CA facility, currently in permitting, and the development of the company’s next-generation robotic growing system, expanding growing capacity from one acre today and accelerating the commercialization of indoor-grown Spinach.

The Spinach commercialization marks a significant milestone for Hippo Harvest, which also launched its Butter Lettuce to retail buyers in early 2026. Together, the two products anchor a growing line of indoor-grown greens built for year-round consistency. Hippo Harvest’s hybrid assortment blends greenhouse and organic field-grown greens to deliver broader variety and reliable supply in a sector increasingly affected by climate volatility.

At the center of Hippo Harvest’s model is a proprietary robotic growing system that uses Autonomous Mobile Robots (AMRs) and machine learning to monitor, tend, and harvest plants with precision at every stage of growth. The upgraded system uses robotic ‘tractors’ to automatically respace growing modules throughout the growth cycle, maximizing space efficiency and yields at the farm level. The next-generation system funded by this round is designed to increase throughput, reduce cost per unit, and accelerate the company’s ability to bring new varieties to market at scale.

“Closing this round and bringing Spinach to market in the same moment is a real signal of where Hippo Harvest is headed,” said Eitan Marder-Eppstein, CEO and co-founder of Hippo Harvest. “We’ve spent years building a system that can grow certified organic greens consistently and at a price that works for both retailers and consumers. This investment lets us do that at the next level of scale.”

Founded in 2019 and based in Pescadero, CA, Hippo Harvest serves retail buyers across Northern California and the Pacific Northwest, including Sprouts, Haggen (an Albertsons banner), and Gus’s Community Markets in San Francisco, with plans to expand across the West Coast and additional national retail partnerships in development. Cox Farms, owned by Cox Enterprises, led the Series C round, with participation from existing and new Hippo Harvest investors, including Congruent Ventures, Hawthorne Food Ventures, Collaborative Fund and the Fresh Investment Club.  The round follows a $21 million Series B closed in February 2024, led by Standard Investments, with participation from Congruent Ventures, Amazon Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners.

“Hippo Harvest is doing something genuinely exciting in indoor agriculture, and we’re proud to be part of this next chapter,” said Steve Bradley, president of Cox Farms. “Cox Farms actively looks for opportunities to support innovation and new technologies across indoor agriculture. We can’t wait to watch them scale.”

About Hippo Harvest

Hippo Harvest is a leafy greens company growing USDA-certified organic produce in robotics- and machine learning-powered greenhouses. Founded in 2019 and based in Pescadero, CA, the company combines a closed-loop, direct-to-root nutrient and watering system with Autonomous Mobile Robots (AMRs), which function as indoor ‘tractors’, to consistently produce high-quality organic greens at prices competitive with field-grown alternatives, using 92% less water, 55% less fertilizer, and 94% less land compared to traditional agriculture. Hippo Harvest offers a hybrid assortment that pairs greenhouse and organic field-grown greens, providing broader variety and year-round supply surety for retailers and consumers. For more information, visit hippoharvest.com.

About Cox Farms

Cox Farms is redefining farming and setting the global standard in growing a safe, secure, and responsible food supply capable of feeding a growing population, regardless of calendar or climate. Through its multinational network of indoor farms and consumer brands, including BrightFarms and Mucci Farms, Cox Farms is the largest greenhouse operator in North America with a workforce of more than 2,500 dedicated employees. Cox Farms is future-proofing the world of produce with clean, flavorful products serving the biggest names in retail and food service. Owned by Cox Enterprises, a multi-generational family-owned business, Cox Farms represents the company’s commitment to improving the planet and elevating human health. Learn more at CoxFarms.com.

Unfold, Goodleaf Partner To Develop Premium Quality Leafy Greens

Companies will collaborate in Unfold’s Innovation Partner Program to enhance GoodLeaf’s leafy greens production, particularly spinach, utilizing Unfold’s proprietary genetics and vertical growing expertise.

DAVIS, CA, Feb. 27, 2023 – Unfold, an industry-leading seed and digital solutions company advancing the vertical farming industry, and GoodLeaf Farms, Canada’s largest commercial vertical farm, today announced their partnership to commercialize premium lines of vertically-farmed spinach and other leafy greens through Unfold’s Innovation Partner Program. Chief Executive Officers of both companies will discuss the partnership tomorrow in a fireside chat at the 10th Annual Indoor Ag-Con in Las Vegas.

Micro Broccoli from GoodLeaf’s Vertical Farm, Guelph, Ontario

“We’re very excited to collaborate with GoodLeaf to unlock the potential for improved quality and yield for their indoor growing operations,” said Unfold CEO Sonia Lo. “As a former vertical farm operator, I understand first-hand the importance of seeds that are specifically developed for indoor growing. GoodLeaf is the largest vertical grower in Canada and has already demonstrated its ability to successfully grow leafy greens in large-scale, fully commercialized vertical farms. Now, through our partnership, we will accelerate their product evolution with seed developed and optimized for their specific environment.”

GoodLeaf is currently expanding across Canada, building new facilities in Montreal and Calgary to increase upon its current production out of Guelph, Ontario. With the completion of these two farms, GoodLeaf will  produce over four million pounds of leafy greens annually, which is especially important for Canada where spinach, lettuce and other leafy greens remain amongst the country’s top imports. Both farms will be fully operational in late second quarter/early third quarter of 2023.

“Now that we have a solid foundation in place for our operations, it’s the perfect time to partner with Unfold,” said GoodLeaf President and CEO Barry Murchie. “Having the right seeds to ensure our success is crucial as we grow our operations throughout Canada and help the country lessen its dependence on imported produce. Unfold will help us make that goal possible.”

Goodleaf Unfold
LED lighting nurturing GoodLeaf’s vertically farmed spinach

GoodLeaf and Unfold’s collaboration is part of Unfold’s Innovation Partner Program, which provides vertical farm leaders unique access to Unfold’s leading plant biology expertise, digital tools and germplasm. This access is a competitive advantage to vertical farmers who often lack proficiency in seed genetics and agronomics for indoor farming, and, as a result, are left to rely on suboptimal seeds that generate reduced quality and yields. Through industry collaborations such as this, Unfold is working to address these core challenges head on.

“All of our leafy greens are grown with passion, care and precision,” Murchie continued. “Our partnership with Unfold will help us accelerate the development of even more productive, premium-quality leafy greens. Our R&D team is excited to collaborate with their counterparts at Unfold to take our efforts a leap forward and develop new varieties with enhanced yield, taste, nutritional value and sustainability.”

In fact, both organizations have sustainability as a core value. Working together they aim to develop varieties of leafy greens, most notably spinach, that require less time and energy to produce while enhancing traits valued by consumers, like crunch, colour and taste. These new varieties will boost GoodLeaf’s produce output while lowering its production costs, allowing the Company to increase the accessibility of fresh vegetables closer to consumers’ homes  as they continue to expand across Canada.

Video Announcement

Check out this video to learn more about the Unfold / GoodLeaf IPP: https://youtu.be/oRmED2mxd1I

Indoor Ag-Con Presentation

Tomorrow, February 28, 2023, Unfold Chief Operator Officer David Nothmann will be moderating a fireside chat featuring a conversation between Unfold CEO Sonia Lo and GoodLeaf CEO Barry Murchie. The fireside chat, entitled “Bringing the Knowledge Inside, Transforming Vertical Farming through Seed Genetics,” will take place from 9:15 to 10:00 am PST in the Expo Theater. For more information on the conference, please visit https://indoor.ag/conference-program/.

About Unfold

Unfold is accelerating the “seed to table” capabilities of vertical farming with an integrated offering of superior seeds, digital services, and agronomic insight. Based in Davis, California, Unfold’s mission is to create a world where the freshest, most nutritious, and most delicious produce is available to every person on the planet. For additional information about Unfold or to hear about potential career opportunities, please visit our website at unfold.ag.

Unfold’s Innovation Partner Program provides vertical farm leaders with access to Unfold’s leading plant biology expertise, digital tools and germplasm. Learn more about the program at unfold.ag/partner-program.

About GoodLeaf Farms

With a passion for delicious, nutrient-rich greens, GoodLeaf was founded in Halifax in 2011. Using innovative technology and leveraging multi-level vertical farming, GoodLeaf has created a controlled and efficient indoor farm that can grow fresh produce anywhere in the world, 365 days of the year. The system combines innovations in LED lighting with leading edge hydroponic techniques to produce sustainable, safe, pesticide-free, nutrient-dense leafy greens. GoodLeaf has ongoing collaboration programs with multiple universities in Canada, USA and Europe as well as several other partners in the commercial sector. GoodLeaf is a wholly owned subsidiary of TruLeaf Sustainable Agriculture.

Learn more at goodleaffarms.com.