Local Bounti
Local Bounti is a controlled environment agriculture company that grows leafy greens, living lettuce, salad kits, and herbs in US climate-controlled greenhouses using patented Stack & Flow Technology, distributing through approximately 13,000 retail doors including Walmart and Harris Teeter.
- Company typePublic
- Founded2018
- HeadquartersHamilton, United States
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Local Bounti does
Local Bounti is a controlled environment agriculture (CEA) company founded in August 2018 and headquartered in Hamilton, Montana. It operates a network of climate-controlled greenhouses across the United States—in Hamilton, MT; Pasco, WA; Mount Pleasant, TX; Byron, GA; Oxnard, CA; and Carpinteria, CA—producing leafy greens, living lettuce, salad kits, and herbs under its proprietary Stack & Flow Technology, a hybrid of vertical farming and hydroponic greenhouse growing. The company also holds a U.S. patent granted in February 2026 for AI-driven, computer-vision-based growing optimization that it links to record yield performance.
The company sells its produce on a B2B basis to retail grocery chains, servicing approximately 13,000 retail doors in the US. Named enterprise customers include Harris Teeter (a Kroger subsidiary with 250+ stores across the Southeast and Mid-Atlantic, where Local Bounti launched a six-SKU leafy greens assortment) and Walmart (Romano Caesar Family-Size Salad Kit launched in the Pacific Northwest from the Pasco facility). Pricing is not publicly disclosed; revenue is generated through transaction-based product sales of fresh, greenhouse-grown produce. The company offers 25+ retail SKUs across four core product families (Living Greens, Salad Kits, Leafy Greens, Herbs), and is positioned as the first indoor grower to offer salads with chicken, through kits such as the Asian Style Chicken Lettuce Wrap.
Local Bounti went public in June 2021 through a $1.1B SPAC merger with Leo Holdings III Corp, raising $400M with Cargill, BNP Paribas, and Fidelity as PIPE investors. It has since executed multiple financings with Cargill, including a $145M credit-facility expansion and sale-leaseback in March 2023, and a March 2025 restructuring (the Eleventh Amendment) that cancelled roughly $197M of debt. FY2025 revenue reached $48.4M (+27% YoY) and Q1 2026 revenue was $13.3M (+15% YoY), with the net loss narrowing and adjusted EBITDA loss improving 35% year-over-year. As of February 2026, the company is addressing an NYSE notice regarding minimum market capitalization continued-listing standards.
Local Bounti firmographics
Firmographics- Name
- Local Bounti
- Legal name
- Local Bounti Corporation
- Website
- https://localbounti.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Local Bounti is a controlled environment agriculture company that grows leafy greens, living lettuce, salad kits, and herbs in US climate-controlled greenhouses using patented Stack & Flow Technology, distributing through approximately 13,000 retail doors including Walmart and Harris Teeter.
- Ownership category
- akta.pro rank
Local Bounti industry classification
Industry- Product category
- Indoor Agriculture
- NAICS
- Other Food Crops Grown Under Cover (111419), Food Crops Grown Under Cover (11141)
- SIC
- Agricultural Production-Crops (100), Wholesale-Groceries & Related Products (5140)
- akta.pro primary industry
- Greenhouse Vegetable Production (Tomatoes, Cucumbers, Peppers, Leafy Greens) (AFAGAHAA)
- akta.pro secondary industries
- Hydroponic / Controlled-Environment Produce Wholesale (AFAIACAM), Leafy Greens & Salad Processing Packhouses (Fresh-Cut) (AFAOAGAI)
Keywords
Where Local Bounti is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Local Bounti business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Fresh Produce Sales: Local Bounti generates revenue through the sale of fresh produce including living lettuce, salad kits, loose leaf lettuce, and herbs grown in their controlled environment agriculture facilities. Revenue is derived from B2B sales to retail grocery chains and is transaction-based, recurring as a product revenue stream.
- Product Sales: Sale of sustainably grown living lettuce, herbs, and loose leaf lettuce through retail distribution channels including Harris Teeter, Walmart, and other grocery partners. Products include living greens, salad kits, leafy greens, and herbs.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Local Bounti product offering
Product offeringCore offering
Local Bounti grows and sells fresh produce — living lettuce, leafy greens, salad kits, and herbs — in climate-controlled greenhouses using its proprietary Stack & Flow Technology. The company sells its products on a B2B basis to retail grocery chains and services approximately 13,000 retail doors across the United States. The growing operation uses 90% less land and 90% less water than conventional agriculture and avoids triple washing or chlorine baths to extend shelf life.
Product overview
Local Bounti is a controlled environment agriculture (CEA) company that operates as a unified product portfolio of greenhouse-grown produce. The company utilizes its patented Stack & Flow Technology®—a hybrid of vertical farming and hydroponic greenhouse farming—to produce sustainably grown living lettuce, leafy greens, salad kits, and herbs. The product ecosystem centers on Living Greens (living lettuce varieties including Butter Lettuce), Leafy Greens (Green Leaf, Red Leaf, Romaine, Spring Mix), Salad Kits (including Romano Caesar Family-Size, Asian Style Chicken Lettuce Wrap, and Power Crisp varieties), and Herbs (including Organic Living Watercress). All products are grown in advanced climate-controlled greenhouses using 90% less land and 90% less water than conventional farming, with Non-GMO seeds. The company services approximately 13,000 retail doors across the United States with products available at Harris Teeter, Walmart, and other retailers.
Differentiator
Problem solved
Functional benefit
Products and services
- Living Greens Living lettuce varieties including Butter Lettuce and other greenhouse-grown greens that maintain freshness from harvest to table. Sold to retail grocery customers for resale to consumers.
- Salad Kits Ready-to-eat salad kits including Romano Caesar Family-Size Salad Kit, Asian Style Chicken Lettuce Wrap Kit, and Power Crisp varieties. Sold through retail grocery customers including Walmart and Harris Teeter. Local Bounti was the first indoor grower to offer salads with chicken.
- Leafy Greens Variety of leafy greens including Green Leaf, Red Leaf, Romaine, Spring Mix, and Green & Red Leaf blends grown in climate-controlled greenhouses. Sold to retail grocery customers.
- Herbs Aromatic fresh herbs grown sustainably in greenhouse environments, including Organic Living Watercress. Sold through the company's retail grocery network.
Quantifiable outcome
- 90% less land and water usage vs conventional farming
- +3 more outcomes
Companies that use Local Bounti
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
Local Bounti technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature2 records
Local Bounti partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and major.
- Harris TeetercoreHarris Teeter, a premium grocer and wholly-owned subsidiary of Kroger, partnered with Local Bounti for distribution of a six-SKU assortment of locally grown leafy greens at all 250+ Harris Teeter locations across Southeast and Mid-Atlantic regions. The partnership represents a major expansion of Local Bounti's retail presence.
- WalmartmajorLocal Bounti launched its Romano Caesar Family-Size Salad Kit at Walmart, expanding product availability in the Pacific Northwest from its Pasco, Washington facility. Plans for further expansion from the Texas facility.
Scale indicators7 records
Recent moves9 records
Expansion highlights5 records
Local Bounti competitors and assessment
Company assessmentDirect peers
- Gotham Greens: Gotham Greens operates a national network of hydroponic greenhouses producing leafy greens, herbs, and salad dressings sold through major U.S. grocery retailers. Most directly comparable to Local Bounti on greenhouse CEA production of leafy greens/herbs and B2B grocery distribution model.
- BrightFarms: BrightFarms operates regional hydroponic greenhouses producing packaged salad greens sold under its own brand at major U.S. supermarket chains. Closely comparable to Local Bounti in greenhouse CEA leafy greens, retail grocery GTM, and regional facility model.
- Revol Greens: Revol Greens grows greenhouse lettuce and leafy greens in the U.S. for retail grocery customers. Directly comparable to Local Bounti in greenhouse-grown CEA leafy greens, retail grocery channel, and U.S. regional facility footprint.
- AeroFarms: AeroFarms operates indoor vertical farms producing leafy greens sold to retail and foodservice customers. Comparable to Local Bounti as a U.S. CEA leafy-greens producer, though AeroFarms uses vertical farming rather than the greenhouse hybrid Stack & Flow model.
- Plenty: Plenty is an indoor vertical farming company producing leafy greens for U.S. retail grocery customers. Comparable to Local Bounti as a CEA leafy-greens producer with retail grocery GTM, though emphasizing vertical farm architecture rather than greenhouse hybrid.
- Bowery Farming: Bowery operates indoor vertical farms producing leafy greens, herbs, and berries for U.S. retail and foodservice customers. Comparable to Local Bounti as a CEA leafy-greens producer competing for the same retailer shelf space.
Broad incumbents
- Taylor Farms: Taylor Farms is a large producer of value-added fresh salads, salad kits, and fresh-cut vegetables sold to retail grocery and foodservice customers. Overlaps with Local Bounti on salad-kit and packaged-greens categories but operates at much larger scale and across broader produce categories.
- Mastronardi Produce: Mastronardi Produce operates one of North America's largest greenhouse produce networks growing tomatoes, peppers, cucumbers, and leafy greens under its Sunset and Backyard Farms brands. Comparable to Local Bounti on greenhouse CEA produce and broad retail grocery distribution.
Others
- Hollandia Produce: Hollandia Produce is a California-based greenhouse grower acquired by Local Bounti in 2022 for ~$122.5M, now operating as part of Local Bounti. Relevant as a comparable California greenhouse leafy-greens producer that became part of the subject company.
Emerging players
- NatureSweet: NatureSweet is a controlled-environment agriculture producer specializing in greenhouse-grown tomatoes sold to U.S. retail grocery. Comparable to Local Bounti on the greenhouse CEA production model and retail grocery GTM, though focused on tomatoes rather than leafy greens.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Local Bounti social profiles
Digital presenceLocal Bounti financial estimates
Financial estimateRevenue estimate
Valuation estimate
Local Bounti leadership team
Management profileNumber of profiles
Profiles11 records
Local Bounti subsidiaries and ownership
Company hierarchySubsidiaries1 record
Local Bounti funding detail
Funding detailFunding overview
Funding rounds9 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Local Bounti M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Local Bounti
What does Local Bounti do?
Local Bounti grows and sells fresh produce — living lettuce, leafy greens, salad kits, and herbs — in climate-controlled greenhouses using its proprietary Stack & Flow Technology. The company sells its products on a B2B basis to retail grocery chains and services approximately 13,000 retail doors across the United States. The growing operation uses 90% less land and 90% less water than conventional agriculture and avoids triple washing or chlorine baths to extend shelf life.
Is Local Bounti a public or private company?
Local Bounti is a public company. It is classified as public and is currently operating.
When was Local Bounti founded?
Local Bounti was founded in 2018. It employs 101 to 250 people.
Where is Local Bounti based?
Local Bounti is headquartered in Hamilton, United States, in the North America region.
How does Local Bounti make money?
Two revenue lines are on record. Fresh Produce Sales are the primary driver. The others are product Sales.
Who are Local Bounti's main competitors?
Direct peers on record are Gotham Greens, BrightFarms, Revol Greens, AeroFarms, Plenty and Bowery Farming. Broad incumbents are Taylor Farms and Mastronardi Produce. Hollandia Produce is listed as an others. NatureSweet is listed as an emerging player.
Does Local Bounti have an API?
No public API is recorded for Local Bounti.
What industry is Local Bounti in?
Local Bounti's product category is Indoor Agriculture. Its primary akta.pro industry code is AFAGAHAA, Greenhouse Vegetable Production (Tomatoes, Cucumbers, Peppers, Leafy Greens), with a secondary code of AFAIACAM, Hydroponic / Controlled-Environment Produce Wholesale. Its NAICS code is 111419 and its SIC code is 100.