Springworks Farm

What Springworks Farm does

Springworks Farm operates a commercial aquaponic greenhouse facility in Lisbon, Maine, producing USDA certified organic lettuce and greenhouse-grown tilapia through a closed-loop symbiotic system. Founded in 2014 by Trevor Kenkel, the company began with a 6,000-square-foot greenhouse and has grown through four phases of construction to facilities totaling over 170,000 square feet, producing approximately 5 million heads of lettuce and 160 metric tonnes of tilapia annually. A 5-Phase Expansion is underway to grow total greenhouse space to 500,000 square feet, with a stated near-term target of 700,000 square feet on the company's 168-acre Lisbon site.

The core technology is a closed-loop aquaponic system in which water circulates continuously between tilapia tanks and plant beds; fish waste provides organic fertilizer for the plants and the plants filter the water for the fish, eliminating the need for synthetic fertilizers or pesticides. The product portfolio includes conventional and USDA organic variants of Romaine, Boston Bibb, Green Crispy, and Spring Mix lettuce, plus tilapia as a secondary aquaculture output. Products are shipped to retailers within 48 hours of harvest.

Revenue is generated through wholesale distribution to supermarkets and independent grocery stores in the Northeast US. Confirmed customers include Hannaford at the retail tier, plus food service accounts such as Maine General and Harraseeket Inn. The company has raised approximately $26M across five disclosed rounds since 2016, including a $16M round led by Blue Highway Capital in 2022, a $6M round from Farm Credit East in 2023, and a $5M SEC Form D exempt offering (with $3.29M sold) filed in August 2024. The company employs 11-50 people, is founder-controlled under Trevor Kenkel as President with Bob Porteous as COO, and operates without disclosed institutional venture capital backing.

Name

Springworks Farm

Legal name

Springworks Farm Maine, Inc.

Website

https://springworksfarm.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Springworks Farm operates a commercial aquaponic greenhouse in Lisbon, Maine, producing USDA organic lettuce and tilapia via a closed-loop ecosystem. It sells wholesale to Northeast supermarkets including Hannaford, with greenhouse capacity expanding from 170,000 to 500,000-700,000 square feet.

Ownership category

akta.pro rank

Product category

Organic Greenhouse Produce

NAICS

Food Crops Grown Under Cover (11141), Aquaculture (1125), Other Aquaculture (112519)

SIC

Agricultural Production-Crops (100), Agricultural Prod-Livestock & Animal Specialties (200)

akta.pro primary industry

Organic Greenhouse & Protected Crop Farming (High Tunnels, Greenhouses) (AFAGAKAD)

akta.pro secondary industries

Organic Aquaculture (Fish & Shellfish) (AFAEAMAF), Hydroponic / Controlled-Environment Produce Wholesale (AFAIACAM)

Keywords

• Organic lettuce farming
• Aquaponic greenhouse production
• Sustainable agriculture products
• Greenhouse vegetable cultivation
• Tilapia aquaculture farming

Headquarters

HQ city

Maine

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Lettuce and Produce Sales: Springworks Farm generates revenue through the sale of organic greenhouse-grown lettuce and greens to supermarkets and independent grocery stores. Products include romaine, green crispy, bibb lettuce, and spring mix. Products are shipped to local stores within 48 hours of being picked.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Springworks Farm operates a commercial aquaponic greenhouse in Lisbon, Maine, producing USDA-certified organic lettuce varieties (romaine, Boston bibb, green crispy, and spring mix) and tilapia using a closed-loop system where fish waste fertilizes plants and plants filter water for fish. The company sells these products wholesale to supermarkets, independent grocery stores, and restaurants in the Northeast US, shipping within 48 hours of harvest.

Product overview

Springworks Farm operates an aquaponic greenhouse facility producing fresh produce and aquaculture products. The company offers two product lines: conventional greenhouse-grown lettuce (Romaine, Boston Bibb, Green Crispy, and Spring Mix) and USDA certified organic variants of the same lettuce varieties. All products are shipped to local supermarkets and independent grocery stores within 48 hours of harvest. Additionally, the company produces tilapia (~160 metric tonnes annually) as part of its closed-loop aquaponic ecosystem. The products are positioned as local, sustainable alternatives to shipped greens, emphasizing year-round availability, pesticide-free growing, and reduced food miles for the Northeast market.

Differentiator

Problem solved

Functional benefit

Products and services

• Romaine Lettuce Pre-sliced romaine lettuce offered in clamshell packaging for convenience, eliminating knife work and reducing waste. Sold to retail grocery stores and food service operators in the Northeast US.
• Boston Bibb Lettuce Whole head buttery, broad leaf lettuce sold in clamshells, suitable as a substitute for sandwich bread or pita wraps. Sold to retail grocery stores and food service operators.
• Green Crispy Lettuce Versatile lettuce with smooth, curly leaves and crisp stems, bringing texture to salads and sandwiches. Sold to retail grocery stores and food service operators.
• Spring Mix Pre-chopped fresh-picked lettuce heads into perfect pieces for ready-to-use salad preparation. Sold to retail grocery stores and food service operators in the Northeast US.
• Organic Romaine Lettuce USDA certified organic, pre-sliced romaine lettuce in single-cut format, shipped within 48 hours of picking. Sold to retail grocery stores and food service operators.
• Organic Boston Bibb Lettuce USDA certified organic single-cut Boston Bibb lettuce, designed for easy leaf separation and meal preparation. Sold to retail grocery stores and food service operators.
• Organic Green Crispy Lettuce USDA certified organic crispy green lettuce with smooth curly leaves and crisp stems for salads and sandwiches. Sold to retail grocery stores and food service operators.
• Tilapia Aquaculture product grown in the aquaponic closed-loop system, producing approximately 160 metric tonnes of tilapia per year. Fish waste serves as organic fertilizer for lettuce production, with plants filtering water for the fish.

Quantifiable outcome

• Over 5 million heads of lettuce produced annually
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• AeroFarms: Newark, NJ-based indoor vertical farming company using aeroponics to grow leafy greens and herbs at commercial scale. Direct comparable in controlled-environment leafy-greens production targeting Northeast retailers with a sustainability narrative.
• Bowery Farming: New York-based vertical farming operator producing pesticide-free leafy greens, herbs, and strawberries for retail and foodservice across the Northeast. Direct peer in indoor-grown produce serving similar grocery and restaurant customers.
• Gotham Greens: Brooklyn-based hydroponic greenhouse operator producing fresh leafy greens, herbs, and dressings for retail and foodservice nationwide. Closest greenhouse-controlled-environment peer with overlapping product mix and retail distribution.
• BrightFarms: Irvington, NY-based greenhouse grower of leafy greens and salads sold through major supermarket banners across the Midwest and East Coast. Comparable in greenhouse-grown salad greens distributed via supermarket channels.
• Plenty: San Francisco-based vertical farming company building indoor farms for leafy greens, with a flagship Compton, CA facility serving retail customers. Comparable as a well-capitalized controlled-environment leafy-greens producer.
• Revol Greens: Medina, MN-based greenhouse operator producing organic and conventional lettuce, greens, and salad kits for retail across the Midwest. Comparable in greenhouse-grown organic lettuce at retail scale.
• AppHarvest: Morehead, KY-based controlled-environment agriculture company operating large-scale greenhouses for tomatoes, leafy greens, and berries. Comparable as a publicly-traded, capital-intensive greenhouse produce operator.
• Local Bounti: Hamilton, MT-based indoor farming company using high-tech greenhouses to grow leafy greens and herbs for retail and foodservice. Comparable in greenhouse-built produce targeting similar supermarket customers.

Emerging players

• Eden Green Technology: Cedar Hill, TX-based vertical farming company producing leafy greens and herbs in hybrid greenhouse-vertical systems. Comparable as an emerging controlled-environment leafy greens player with similar product mix.

Regional players

• GoodLeaf Farms: Canadian indoor vertical farm operator producing microgreens and leafy greens for retail and foodservice across Canada. Comparable as a controlled-environment leafy-greens producer, though geographically focused on Canadian retail markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/springworksfarm
• Xx.com/springworksfarm
• Facebookfacebook.com/springworksfarm

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Springworks Farm