Morehead, KY. – AppHarvest announced Thursday it has closed an $11 million corporate funding round, as it expands operations to support indoor farms across Central Appalachia. The company’s first project — a 2.76-million-s.f. facility in Morehead, Ky. — is under construction and will begin operations later this year.
Combined with the company’s prior corporate funding rounds, including project financing, AppHarvest has attracted $120 million of investment into Appalachia in just two years. Participants in this round include the following:
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Jonathan Webb, AppHarvest founder and CEO
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Equilibrium, which provided nearly $100 million in project financing for the Morehead facility.
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Existing investor ValueAct Capital’s ValueAct Spring Fund
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Existing investor Revolution’s Rise of the Rest Seed Fund
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Blake Griffin Enterprises
To learn more about this round of funding and AppHarvest’s upcoming projects, check out this article published by The Lane Report or visit the AppHarvest website.