Bezos-Backed VF startup in talks for more than 90% value cut

Bezos-Backed VF startup in talks for more than 90% value cut
Inside Plenty's vertical farm. Image credit: Plenty

Plenty Unlimited, once a unicorn, appoints new interim CEO. Move highlights hard times for vertical farming tech companies.

Plenty Unlimited Inc., a pioneer of vertical farming that’s drawn backing from billionaires including Jeff Bezos, is in talks for a new funding round that will virtually wipe out existing stockholders, according to a person familiar with the matter.

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