Sort of a Calabrian Spicy Chili and Tomato Sauce.
From AgFunder, March 11:
- Berlin-based indoor ag startup Infarm has raised $100 million in additional funding on top of the $170 million it secured for the first close of its Series C round in September 2020, CEO Erez Galonska told Bloomberg.
- Existing backers Hanaco and Atomico were among the investors providing this latest injection of debt and equity financing, which brings the startup’s total funding to date to over $400 million.
- Infarm will use the capital to expand its team and diversify beyond salad greens and herbs to start growing chilis, mushrooms, and tomatoes, Galonska said. “We will be able to offer a more diverse basket — a premium basket — and hopefully change the way people eat and think food” to accelerate the shift to plant-based diets, he added.
Why it matters:
Berlin-based Infarm launched in 2013 with an initial focus on installing growing cabinets in supermarkets, restaurants, and other indoor spaces.
Last month, it unveiled a 25-square-meter modular growing center which it claims can produce the equivalent of up to 10,000-square-meters of farmland.....
....MORE
Related at AgFunder:
Is this the fastest-growing vertical farming business in the world?
And on tomatoes:
Vaclav Smil: "How Much Energy Does It Take to Grow a Tomato?"
ICYMI: Indoor Farming Company AppHarvest Came Public Via SPAC (APPH)
