Infarm

Infarm

Infarm is a developer of vertical farms designed for indoor growing.

Funding

Infarm, a Berlin-based startup that has developed vertical farming tech for grocery stores and restaurants, disclosed $100m Series B investment. The round was led by London VC Atomico, and consists of mix of equity funding and debt financing.

Infarm's existing investors, including Balderton Capital, Astanor Ventures, Cherry Ventures, also participated in the round. In addition, TriplePoint Capital has invested, presumably providing a bulk if not all of the debt.

History

Founded in 2013 by Osnat Michaeli, and brothers Erez and Guy Galonska, Infarm's "urban farming" platform aims to be capable of growing anything from herbs, lettuce, other vegetables, and even fruit. Its modular farms are placed in customer-facing city locations, such as grocery stores, restaurants, shopping malls, and schools, with the goal being to enable the end-customer to pick the produce themselves.

Erez Galonska, co-founder and CEO of Infarm stated:

Infarm was founded with an ambitious vision to feed the cities of tomorrow by bringing farms closer to the consumer, and with this round of funding we aim to grow our presence further. Sowing the seeds for a delicious and sustainable food system in urban centres across North America, Asia, and Europe. We are proud and excited to welcome Atomico to the Infarm journey.

Timeline

June 11, 2019
Infarm closes $100M Series B to scale its 'urban farming platform'

Infarm, the Berlin-based startup that has developed vertical farming tech for grocery stores and restaurants, is disclosing $100 in in Series B investment. The round is led by London VC Atomico, and consists of mix of equity funding and debt financing. Infarm's existing investors, including Balderton Capital, Astanor Ventures, Cherry Ventures, also participated in the round.

June 10, 2019
Infarm raises a $100,000,000 series B round from Atomico.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Infarm Series B round, June 2019
100,000,000
June 10, 2019
1 Result
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Description
Isabella Pojuner and Freya Pratty
March 9, 2021
Sifted
There are now over 800 climate tech companies in Europe. But what do they do, where are they based and how much money have they raised?
Infarm
February 23, 2021
www.prnewswire.com:443
/PRNewswire/ -- Infarm, the world's fastest-growing urban farming company already available in 10 countries and 30 cities in thousands of stores, continued the...
Ben Sillitoe
December 7, 2020
ComputerWeekly.com
Retailers are waking up to the potential of vertical farming, with technology-enabled agriculture a core part of supply chain bosses' and food buyers' plans
Steve O'Hear
June 11, 2019
TechCrunch
Infarm, the Berlin-based startup that has developed vertical farming tech for grocery stores and restaurants, is disclosing $100 in in Series B investment. The round is led by London VC Atomico, and consists of mix of equity funding and debt financing. Infarm's existing investors, including Balderton Capital, Astanor Ventures, Cherry Ventures, also participated in the [...]

References

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