General InformationAppHarvest was a publicly traded AgTech company founded in 2017 and headquartered in Morehead, Kentucky, that operated 165 acres of high-tech indoor greenhouse farms across four Kentucky locations before closing in late 2023.
Funding & FinancialsAppHarvest raised approximately $686M in total funding including ~$475M via a 2021 SPAC merger with Novus Capital (NASDAQ: APPH) anchored by Fidelity Management & Research, Inclusive Capital, and Equilibrium Capital, before filing for bankruptcy in July 2023.
Leadership & TeamThe company was founded by Jonathan Webb, who served as CEO until July 2023 when Tony Martin (previously COO) took over as CEO to manage the Chapter 11 restructuring and asset liquidation process.
Recent ActivityAppHarvest filed for Chapter 11 bankruptcy on July 23, 2023; its plan of liquidation was confirmed by September 2023, with farm assets sold to Equilibrium Capital (Morehead & Richmond), Bosch Growers (Somerset), and Mastronardi Produce (Berea), effectively closing the company by December 2023.