Jen Andre 
- Portfolio News
- 17 December, 2024
Infarm raises $170M during pandemic to grow largest urban vertical farming network in the world
SEP 17, 2020
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.
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.
Daniel Waterhouse talks to Erez Galonska of Infarm at the 2018 Balderton Collective CEO Retreat.
The fresh capital infusion brings Infarm’s total funding to date to more than $300 million, underscoring consumer and retailer appetite for Infarm’s innovative approach to fresh, sustainable and local food production in the wake of this year’s pandemic.
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.
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.
Erez Galonska, Co-founder and CEO of Infarm
The investment will be used to deepen the regional and local penetration of Infarm’s global farming network and complete development of Infarm’s new generation of vertical cloud-connected farms, capable of generating the crop-equivalent of acres of farmland and amplifying the diversity of produce currently available through vertical farming. An integration of advanced engineering, software and farming technology, these farms will save labour, land, water, energy, and food-miles, while contributing to a more sustainable food system
As we scale to 5,000,000 sq. ft in farming facilities across Europe, North American and Asia by 2025, this investment will help us make a truly global impact through our network, preserving the thousands of acres of land, millions of litres of water and ultimately change the way people grow, eat and think about food.
As we scale to 5,000,000 sq. ft in farming facilities across Europe, North American and Asia by 2025, this investment will help us make a truly global impact through our network, preserving the thousands of acres of land, millions of litres of water and ultimately change the way people grow, eat and think about food.
Erez Galonska, Co-founder and CEO of Infarm
Infarm units can be found in some of the world’s largest retailers
In the past 12 months alone, Infarm has formed new partnerships with the world’s largest retailers, including, Aldi Süd (Germany), Kroger (United States), Marks & Spencer and Selfridges (United Kingdom).With operations across 10 countries and 30 cities worldwide, Infarm harvests 500,000+ plants monthly and growing while using 99.5% less space than soil-based agriculture, 95% less water, 90% less transport and zero chemical pesticides. Today, 90% of electricity use throughout the Infarm network is from renewable energy and the company has set a target to reach zero emission food production next year.
