Infarm 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 Atomico, TriplePoint Capital, Mons Capital and Astanor Ventures.
With a mix of equity and debt financing, the capital infusion brings Infarm’s total funding to date to more than $300 million.
By 2025, Infarm’s farming network is expected to reach more than 5.000.000 square feet to become the largest distributed farming network in the world.
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.