Infarm, the world’s fastest-growing urban farming network announced $170 million investment raised in the first close of a Series C funding round expected to reach $200 million.
Led by LGT Lightstone, the first round included participation by investors Hanaco, Bonnier, Haniel, and Latitude and was supported by existing Infarm investors.
Founded in Berlin in 2013 by Osnat Michaeli and the brothers Erez and Guy Galonska, Infarm is dedicated to creating a future where local super fresh produce is available for everyone. The farms are placed in various locations in the city, like supermarkets, restaurants and distribution centres, so that vegetables grow and are harvested close to the moment of purchase or consumption.
These controlled, growing environments are connected to a central cloud-based farm-brain which gathers more than 50,000 data points through a plant’s lifetime, allowing the platform to learn, adapt and improve itself constantly so every plant grows better than the one before. This modular, data-driven, and distributed approach sets Infarm apart from any other urban, farming solution.
Balderton led Infarm's Series A in 2018. Read our Partner, Daniel Waterhouse's original blog post here on why we initially invested.
You can also watch Daniel in conversation with Co-founder and CEO of Infarm, Erez Galonska, at the Balderton Collective CEO Retreat in 2018 below.
The coronavirus pandemic has put a global spotlight on the urgent agricultural and ecological challenges of our time. At Infarm, we believe there’s a better, healthier way to feed our cities: increasing access to fresh, pure, sustainable produce, grown as close as possible to people.
