Berlin – Infarm GmbH, the world’s fastest growing urban farming network has anncouned a USD 170 million investment in a series C funding round expected to reach USD 200 million. Led by LGT Lightstone, the first round included participation by Israeli VC Hanaco Growth, Swedish publishing group Bonnier, German family-equity-company Haniel, UK-based asset manager Latitude and supported by existing Infarm investors Atomico and Good Harvest. With a mix of equity and debt financing, the fresh capital infusion brings Infarm’s total funding to date to more than USD 300 million.
A CMS team headed by lead partner Dr Jörg Zätzsch advised the founders of Infarm on all legal aspects of the financing and associated documentation. Founders of various technology start-ups regularly draw on the expertise of the Berlin VC team, most recently in the successful Series A financing round of the Bielefeld AI start-up Semalytix.
Founded in Berlin in 2013 by Osnat Michaeli and the brothers Erez and Guy Galonska, Infarm is dedicated to creating a future where local super fresh produce is available for everyone. The farms are placed in various locations in the city, like supermarkets, restaurants and distribution centers, so that vegetables grow and are harvested close to the moment of purchase or consumption. Today, with cutting edge R&D, patented technologies, and a leading multi-disciplinary team, Infarm is growing a worldwide farming network helping cities become self-sufficient in their food production while significantly improving the safety, quality, and environmental footprint of our food.
With a multinational team of 600 people globally, Infarm has partnered with more than 30 major food retailers including Albert Heijn, Aldi Süd, Auchan, Casino, E.Leclerc, Edeka, Empire Company Ltd (Safeway, Sobeys, ThriftyFoods), Farmdrop, Intermarché, Irma, Kinokuniya, Kroger, Marks & Spencer, Metro, Migros, Selfridges and Selgros in Canada, Denmark, France, Germany, Japan, Luxembourg, the Netherlands, the United Kingdom, the United States and Switzerland.
Dr Jörg Zätzsch, Lead Partner
Dr Friedrich von Spee, Senior Associate,
Mario Galle all Corporate/Venture Capital
Jesko Nobiling, Partner, Corporate/Tax
Dr Rolf Hempel, Partner
Martin Cholewa, Counsel, both Compition &EU