Portfolio

Investment update: Infarm raises $25M to grow its network to 1,000 farms across Europe

We're very pleased share the announcement that we are lead Series A investors in Infarm, Europe's urban farming leader, alongside TriplePoint Capital, and Mons Investments LLC, as well as previous investors Cherry Ventures, QUADIA and LocalGlobe. Infarm was founded in 2013 by Osnat Michaeli and brothers Erez and Guy Galonska.

Only 2 years after introducing the concept of in-store farming to the world, Infarm is now operating more than 50 farms across Berlin in supermarket aisles, restaurant kitchens, and distribution warehouses. Infarm's distributed farms are connected by the company's central farming platform, creating a first of its kind urban farming network. Each farm is a controlled ecosystem with growing recipes that tailor light, temperature, pH, and nutrients to ensure the maximum natural expression of each plant. Each farm acts as a data pipeline, sending information on plant growth to the Infarm platform 24/7 allowing it to learn, adjust, and optimise. 

With an output of up to 1,200 plants per month from a single farm unit (2 sqm) Infarm has already enabled some locations to become completely self-sufficient in their herb production.

The system forms the bedrock of Infarm’s Farming as a Service offering: the company can personalise its farms to each customer’s unique needs, growing different varieties for different supermarket locations or equalising the flavour of the produce to better suit the taste palate of a customer’s clientele.

The distributed farms are connected by Infarm’s central farming platform, creating a first of its kind urban farming network.

The company has integrated in-store farming into EDEKA and METRO locations, two of Germany's largest food retailers, where it grows dozens of premium quality herbs and leafy greens, sold at affordable prices. A single 2 sqm farm has an output of up to 1,200 plans per month. 

Infarm is right at the forefront of a new wave of companies setting out to tackle the inefficiencies in the current food supply chain by making it possible to grow fresh produce right in the heart of our communities. We are delighted to be backing a company whose mission we believe in so passionately.

Daniel Waterhouse, partner, Balderton

Currently based in Berlin, Infarm will launch operations in Paris, London, Copenhagen, and other German cities later this year.

Read more about the Infarm announcement on Reuters and in Techcrunch

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