What is Infarm?
Founded in 2013 and headquartered in Berlin, Germany, Infarm operates a network of urban farms designed to cultivate fresh produce closer to consumers. This innovative approach to agriculture aims to reduce transportation costs and environmental impact while ensuring the availability of high-quality, locally grown food. Infarm's business model focuses on sustainability and efficiency, leveraging technology to optimize crop yields in controlled environments. The company's commitment to revolutionizing food production has attracted significant investor backing, positioning it as a leader in the burgeoning vertical farming industry.
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 TriplePoint Venture Growth BDC, Astanor Ventures, Balderton Capital, Atomico, and Cherry Ventures
Series C (2020): $200M featuring TriplePoint Capital, Mons Capital, Bonnier, Astanor Ventures, LGT Lightstone, Hanaco, Atomico, Latitude, and Haniel
Other Financing Round (2021): $100M backed by Hanaco and Atomico
Series D (2021): $200M with participation from Atomico, Partners in Equity, Bonnier, Lightrock, Qatar Investment Authority, and Hanaco
Key Investors in Infarm
Atomico
Atomico is a European Venture Capital firm headquartered in London, with offices in Paris, Berlin and Stockholm. Its founder and CEO is Niklas Zennström, a serial entrepreneur who co-founded Skype and Kazaa.
Balderton Capital
Balderton Capital is a London-based venture capital firm that raises dedicated funds to invest in early-stage, high-growth technology companies across Europe, typically leading Seed and Series A rounds and supporting founders through global scaleup and exits.
TriplePoint Capital
TriplePoint Capital is a leading global provider of financing across all stages of development to technology, life sciences and other high growth companies backed by a select group of venture capital firms.
What's next for Infarm?
With its recent major strategic investment, Infarm is poised for accelerated growth and market penetration. The substantial capital infusion is likely to be directed towards scaling its existing operations, expanding its global footprint, and further developing its proprietary farming technology. This strategic financing suggests a focus on solidifying its competitive advantage and potentially exploring new market segments or product offerings. The company's continued ability to attract significant investment highlights investor confidence in its vision for a more sustainable and localized food system.
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