Berlin start-up Infarm has raised $25m to develop its indoor vertical farming technology that enables supermarkets to grow the produce they sell in-store. Funding was led by London-based venture capital firm Balderton Capital and included Mons Investments and TriplePoint Capital. Infarm has more than 50 farms in supermarkets, distribution warehouses and kitchens across the German capital. The company is working with a number of food producers on their own indoor farms, including Berliner Herd, which grows vegetables for local restaurants and caterers.
Berlin start-up Infarm has raised $25m to develop its indoor vertical farming technology that enables supermarkets to grow the produce they sell in-store. Funding was led by London-based venture capital firm Balderton Capital and included Mons Investments and TriplePoint Capital. Infarm has more than 50 farms in supermarkets, distribution warehouses and kitchens across the German capital. The latest funds will be used to expand into Paris, London and Copenhagen, as well as increase its Berlin R&D base.