Dealflow | February 15, 2024

Hippo Harvest scores $21 million for greenhouse-grown produce

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, February 15 — San Francisco-based Hippo Harvest is still standing after the shakeout of other controlled-environment produce producers. The company’s leafy greens can be found on the shelf at local grocery stores and online on Amazon Fresh.

Energy Impact Partners, Amazon’s Climate Pledge Fund, Congruent Ventures and other existing investors re-upped in Hippo Harvest’s $21 million Series B round to scale up production. “Our team’s work over the past twelve months demonstrates our ability to create modular, cost-effective growing systems that can be deployed across the country,” said Hippo Harvest’s Eitan Marder-Eppstein

Agrifood tech

Hippo Harvest’s modular greenhouse systems use machine learning and AI to manage water, energy and fertilizer usage. Products are packaged in post-consumer recycled plastic. Like other indoor growers, Hippo Harvest promises increased food safety, lower costs and longer shelf life compared to traditionally-grown fresh produce. The company says its farming method also has a lower carbon and methane footprint.