NEW YORK, NY - Bowery recently nabbed a new achievement as it has been named to the inaugural XB100, a definitive ranking of the top 100 private deep tech companies. XB100 is published by XPRIZE and Bessemer Venture Partners.
“At Bowery, we are developing technology to reinvent a fresh food supply chain that is shorter, safer, provides more surety of supply, and is more sustainable,” said Irving Fain, Founder and Chief Executive Officer of Bowery. “Agriculture is one of the oldest and largest industries in the world and the second-largest contributor to GHG emissions globally. There is no path to net-zero that doesn’t lead through reinventing Food and Agriculture. This is a necessity to feed our growing population in an increasingly uncertain world, and I’ve never been more optimistic about what’s ahead.”
Bowery serves over 1,800 grocery stores and major e-commerce platforms and grows food wherever it is needed. As noted in the release, the company has demonstrated product-category leadership with the continued broadening of its innovative, pesticide-free portfolio, including high-demand items like salad kits. The company increased its retail footprint by over 15x between 2020 and 2023, all while growing more with less.
The XB100 was launched to celebrate the entrepreneurs who are commercializing scientific research into deep tech and spotlight how they are impacting our society across nine categories. The XB100 evaluation process involved ranking companies across four factors: impact on humanity, valuation, scientific difficulty, and commercial traction.
For more details, check out the release here.
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