578 days ago • Posted by William Ramstein

Urban indoor farming sees more traction: Infarm raises $100M

Infarm is present in 10 countries and has deals with retailers like Kroger Co., Amazon Fresh, Metro AG and Marks & Spencer Group Plc. It provides modular units that grow food on supermarket aisles and inside restaurants. Diversifying crops will help accelerate the shift to plant-based diets, Galonska said. The fresh money, a mix of debt and equity, came from firms including Hanaco Ventures and Atomico. That brings total funding to more than $400 million, making Infarm one of the most-funded vertical farming startups in the world, according to researcher Dealroom. Source: Bloomberg