Infarm Raises $200M To Accelerate Global Expansion Of Climate-Resilient Vertical Farms
12/16/21, 3:00 AM
Location
amsterdam
Money raised
$200 million
Infarm, a rapidly growing urban farming company with a global presence, announced today that it has raised $200 million in a Series D funding round. The investment included participation from existing and new investors, including the Qatar Investment Authority (QIA) - which will support the company's expansion to countries in the Middle East - Partners in Equity, Hanaco, Atomico, Lightrock, and Bonnier.
Company Info
Location
amsterdam, new york, united states
Additional Info
Infarm was founded in Berlin in 2013 by Osnat Michaeli and the brothers Erez and Guy Galonska. Passionate to become self-sufficient and eat better, they were growing their own food, enjoying all the flavor and nutrients, without the chemical pesticides and transport kilometers. With the aim to share the goodness of self-grown produce with everyone, they developed a smart modular farming system that allows distribution of vertical farms throughout the urban environment, growing fresh produce in practically any available space and fulfilling practically any market demand. Today, with cutting edge R&D, patented technologies and a leading multi-disciplinary team, Infarm is growing a worldwide farming network helping cities become self-sufficient in their food production, while significantly improving the safety, quality, and environmental footprint of our food.
With a multinational team of more than 1,000 people globally, Infarm has partnered with more than 30 major food retailers, including Aldi Süd, Amazon Fresh, Auchan, Casino, E.Leclerc, Edeka, Empire Company Ltd (Safeway, Sobeys, ThriftyFoods), Farmdrop, Intermarché, Irma, Kaufland, Kinokuniya, Kroger, Marks & Spencer, Metro, Migros, Selfridges, Selgros, Summit and Whole Foods Market. The company is present in Canada, the Czech Republic, Denmark, France, Germany, Japan, Luxembourg, the Netherlands, the United Kingdom, the United States and Switzerland and has deployed more than 1,400 farms in stores and Infarm Growing centers, saved more than 16,000,000 gallons of water and 600,000 square feet of land. For more information, please visit www.infarm.com.
Photo - https://mma.prnewswire.com/media/1709704/Infarm.jpg
SOURCE Infarm