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:

• Jonathan Webb, AppHarvest founder and CEO

• Equilibrium, which provided nearly $100 million in project financing for the Morehead facility.

• Existing investor ValueAct Capital’s ValueAct Spring Fund

• Existing investor Revolution’s Rise of the Rest Seed Fund

• 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.