100 million dollars for Infarm

Lisa Marie Münster Lisa Marie Münster | 08.03.2021

Start-up Infarm has raised $100 million in a recent funding round. The Berlin-based company had already raised money in September, bringing its total funding to $270 million in the last six months alone.

Only last week it became known that Infarm is seeking a financing round of over 200 million euros(Startbase reported). The rumors have remained uncommented until today. But as Bloomberg reported, the Berlin-based startup has now raised $100 million. The money comes from existing investors Atomico and Hanaco Ventures, who were also involved in the $170 million funding round in September 2020.

Since 2013, Infarm has been working on vertical farming, which requires no pesticides and only a small amount of water and cultivation space. To do so, the startup builds farms inside cities, including supermarkets and restaurants.

The money will be used to expand the range, for example to include mushrooms, tomatoes and chilli peppers. The start-up also announced plans to hire more employees and strengthen existing markets. Infarm is currently represented in ten markets.


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Atomico
Investor Berlin
Atomico
Partners to Gamechangers.
infarm
Startup 2013 Berlin
infarm
Combining vertical farms with IoT technologies and machine learning to provide an alternative food system that is resilient, transparent and affordable.

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