What is Infarm?
Founded in 2013, Infarm operates at the intersection of agriculture and technology, deploying a sophisticated network of vertical farms directly within urban environments. By utilizing cloud-based data analytics and modular hardware, the company optimizes crop yields while significantly reducing the carbon footprint associated with traditional logistics and long-haul food distribution. Infarm's market position is defined by its ability to provide retailers and consumers with fresh, pesticide-free produce year-round, effectively disrupting the conventional agricultural supply chain. As a leader in the controlled-environment agriculture space, the firm is uniquely positioned to address the growing demand for sustainable food security in rapidly expanding metropolitan areas.
How much funding has Infarm raised?
Infarm has raised a total of $629.5M across 6 funding rounds:
Unspecified
$4.5M
Series A
$25M
Series B
$100M
Series C
$200M
Other Financing Round
$100M
Series D
$200M
Unspecified (2017): $4.5M with participation from Cherry Ventures
Series A (2018): $25M led by Balderton Capital
Series B (2019): $100M supported by Astanor Ventures, Balderton Capital, TriplePoint Venture Growth BDC, Atomico, and Cherry Ventures
Series C (2020): $200M featuring TriplePoint Capital, Haniel, Bonnier, Mons Capital, Astanor Ventures, LGT Lightstone, Hanaco, Latitude, and Atomico
Other Financing Round (2021): $100M backed by Atomico and Hanaco
Series D (2021): $200M with participation from Partners in Equity, Hanaco, Qatar Investment Authority, Lightrock, Bonnier, and Atomico
Key Investors in Infarm
Atomico
Atomico is a prominent European venture capital firm headquartered in London, founded by Skype co-founder Niklas Zennström, focusing on scaling high-growth technology companies.
Balderton Capital
Balderton Capital is a London-based venture capital firm specializing in early-stage and high-growth technology investments across Europe, providing strategic support for global scale-ups.
Cherry Ventures
Cherry Ventures is a Berlin-based firm founded by former entrepreneurs, focusing on early-stage European startups with a hands-on approach to operational growth.
What's next for Infarm?
Looking ahead, Infarm is poised to leverage its recent capital injection to accelerate its international expansion and refine its automated farming systems. The strategic focus will likely shift toward increasing the density of its urban farm network and enhancing the efficiency of its proprietary software platform. As the company matures, the emphasis will remain on achieving operational profitability while maintaining its commitment to environmental sustainability. Investors are closely monitoring the firm's ability to scale its hardware-as-a-service model, which remains a cornerstone of its long-term value proposition in the competitive agritech landscape.
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