Infarm becomes a unicorn

Sophie Deistler Sophie Deistler | 17.12.2021

By 2030, the company wants to be represented in 20 countries and grow an even wider range of fruits and vegetables. Strategic investors such as the Qatar Investment Authority are now helping with growth.

Infarm has received 200 million US dollars. Partners in Equity, Hanaco, Atomico, Lightrock and Bonnier participated in the Series D financing round. Qatar Investment Authority invested in the startup for the first time. The total valuation rose to over one billion US dollars. This now puts Infarm among the ranks of German unicorns.

"This strategic investment will support our rapid global expansion and research and development activities to produce even more plant varieties close to consumers in Europe, Asia, North America and the Middle East," says Infarm co-founder Erez Galonska. The capital will be used primarily to expand existing farms in the USA, Canada, Japan and Europe. With the help of the Quatar Investment Authority, Infarm also wants to gain a foothold in Asia and the Middle East. In 2023, the founders want to open the first farm in Qatar.

Osnat Michaeli and the brothers Erez and Guy Galonska founded Infarm in 2013 in Berlin. The start-up currently grows herbs and vegetables in 17 so-called "Growing Centers". The food is then sold in supermarkets such as Aldi Süd, Edeka, Kaufland and Metro. Currently, the company offers 75 different types of herbs and vegetables. In the coming year, Infarm plans to expand its range by 40 more plants. These include mushrooms, cherry tomatoes, peas and strawberries.


Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

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.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts