Hippo Harvest
Assembly Line
Hippo Harvest Announces $21 Million Series B Funding Led by Standard Investments to Scale Next-Generation Greenhouse Platform
Hippo Harvest, a controlled environment agriculture (CEA) startup developing advanced greenhouse systems that produce sustainably-grown produce, announced the close of its $21M Series B funding round led by Standard Investments. Congruent Ventures, Amazon’s Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners also participated in the round. The funding will be used to scale the company’s greenhouse operations and to expand its product offerings into new categories of leafy greens.
Founded in 2019, Hippo Harvest operates a first-of-its-kind repurposed greenhouse facility in Pescadero, CA that out-competes traditional greenhouses in scalability and unit economics and is comparable to traditional outdoor-grown produce prices. The company utilizes a closed-loop, non-recirculating, direct-to-root fertilizer system, machine learning and autonomous mobile robots to calculate and efficiently distribute water, fertilizer, light, and heating on a micro-climate basis throughout its greenhouses. The result is significantly more cost and resource efficient production of fresh produce. Consumers and retailers enjoy the superior quality, consistency, and food safety of Hippo greens at competitive prices.