🏆 Deal of the Week · CW 50/2021
Infarm raised USD 200 million in a Series D round at a valuation of USD 800 million. The round was disclosed in December 2021 and reported by BusinessGreen. Investors Atomico, Lightrock, and the Qatar Investment Authority were among the participants in the financing.
Infarm — key deal facts
| Company | Infarm |
| Founded | 2013 |
| Headquarters | Berlin, Germany |
| Amount raised | USD 200M |
| Valuation | USD 800M |
| Round | Series D |
| Investors | Atomico (https://atomico.com/) Bonnier Ventures (https://bonnierventures.com/) Hanaco Venture Capital (https://hanacovc.com/) Lightrock (https://www.lightrock.com/) Partners in Equity (https://www.pi-equity.com/) Qatar Investment Authority |
| Sectors | Agtech |
Who invested in Infarm?
The Series D attracted a diverse set of institutional and strategic backers: Atomico, Bonnier Ventures, Hanaco Venture Capital, Lightrock, Partners in Equity, and the Qatar Investment Authority. The mix is notable for combining a leading European technology venture fund (Atomico), a sovereign wealth vehicle (Qatar Investment Authority), and impact-oriented growth capital (Lightrock), signalling broad conviction across both commercial and sustainability mandates. The inclusion of Hanaco Venture Capital and Bonnier Ventures further broadens the syndicate across geographies and strategic profiles.
What does Infarm do?
Infarm was founded in 2013 by Osnat Michaeli and brothers Guy and Erez Galonska. The company is headquartered in Berlin, Germany, and operates modular, cloud-connected hydroponic vertical farms installed directly in urban locations such as supermarkets, distribution centres, and restaurants. Its portfolio covers more than 75 varieties of herbs, leafy greens, salads, and microgreens, with individual 40 m² farm modules capable of producing over 500,000 plants annually. The technology reduces land and water usage by up to 95%, eliminates chemical pesticides, and cuts average food-transport distances by approximately 90%.
Infarm valuation & multiples
No existing multiples analysis was provided for this deal. For context on how agtech and vertical-farming transactions are benchmarked, readers can consult the relevant EV/Sales and EV/EBITDA ranges on our Agtech sector multiples pages.
Explore the benchmarks: Series D.
Frequently asked questions
How much did Infarm raise in its Series D?
Infarm raised USD 200 million in its Series D round, disclosed in December 2021.
What is Infarm's valuation?
Infarm was valued at USD 800 million at the time of its Series D financing.
Who invested in Infarm?
The Series D investors include Atomico, Bonnier Ventures, Hanaco Venture Capital, Lightrock, Partners in Equity, and the Qatar Investment Authority.
When was Infarm founded and where is it based?
Infarm was founded in 2013 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.