2020-09-22

Infarm Closes Series C Funding with US$ 170 Million to Expand Global Vertical Farming Network

Vertical farming startup InFarm announced that it has raised US$170 million 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 fresh capital infusion brings Infarm's total funding to date to more than $300 million, underscoring consumer and retailer appetite for I...
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