With a mix of equity and debt financing, the fresh capital infusion brings Infarm's total funding to date to more than
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.
In the past 12 months alone, Infarm has formed new partnerships with the world's largest retailers, including
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.
These controlled growing environments are connected to a central cloud-based farm-brain, which gathers more than 50,000 data points through a plant's lifetime, allowing the platform to learn, adapt and improve itself constantly, so that every plant grows better than the one before. This modular, data-driven, and distributed approach — a combination of big data, IoT, and cloud analytics, in addition to rapid growth at a global scale — sets Infarm apart from any other urban farming solution.
Infarm was founded in