Vertical agricultural transignation take files for failure after they have raised almost $ 1b

Vericultural Agriculture Ununny he has Filed for failureThe company said in a press release Monday.

In their statement, Ununny said he received a commitment for $ 20.7 million in the debtor funding as part of a proposed restructuring plan. Plans to continue to operate a fragole farming in Virginia and a rescue of skilled science and development (R & D) in Wyoming.

The debtor’s financing is funding for business in Chapter 11 Failure.

Since his vault of 2014, the chapection of South San Francisco-based closely to finally

Its last known assessment was $ 1.9 billion at the time of A $ 400 million series and fundraise In the 2022 January, according to pitchbook.

Industry was hard for failure in the failures in the last few years. In November Water Agriculture, Boony Bower Agey was reported to be shut down After lifting more than $ 700 million financing and last be assessed at $ 2 billion in 2021. And in 2023, Aerofarms and archived aircraft for the protection of failure. Aerofarms has raised more than $ 300 million by the backers before presenting for failure. In September 2023, it is hesitated failure protection fully funded.

Appharvest raised more than $ 700 million before being taken public in 2021 to a $ 1 billion rating; filed for Chapter 11 protection in 2023.