MOREHEAD, KY. – AppHarvest, a Grassroots partner of SOAR, has announced several new developments regarding their upcoming project in Rowan County.
Founder and CEO, Jonathan Webb was recently joined by Deputy Prime Minister Carola Schouten of The Netherlands to announce that a Netherland based Dalsem will build AppHarvest’s 60-acre green house.
“The Netherlands has perfected the technology and proven its success, as the country, which is roughly the size of Eastern Kentucky, has used controlled-environment facilities to become the world’s second-largest exporter of agricultural products behind only the United States,” said AppHarvest. “These facilities allow Dutch farmers to grow year-round, eliminate the use of chemical pesticides and reduce water usage by up to 90 percent compared to traditional farming.”
AppHarvest has also recently announced it has completed a separate Series A financing round led by ValueAct Spring Fund with an additional investment by Revolution’s Rise of the Rest Seed Fund. Led by AOL Co-founder Steve Case and best-selling author J.D. Vance, Rise of the Rest previously provided the company’s seed funding. The amount of the Series A financing was not disclosed.
This is an excerpt from The Daily Independent. To read the full story, click here.
For more information on AppHarvest, visit their website.