Infarm, a start-up headquartered in Amsterdam that grows food indoors in racks, has raised $200 million in a Series D funding round. The investment has participation from existing and new investors, including the Qatar Investment Authority (QIA), which will support the company's expansion to countries in the Middle East.
The additional capital will serve to expand the deployment of the company's vertical farms in the United States, Canada, Japan and Europe, and to enter new markets in Asia-Pacific and the Middle East with both in-store farming units and Infarm Growing Centers. In 2023, Infarm will open its first Growing Center in Qatar, where it will harvest tomatoes, strawberries and other fruit crops.
Erez Galonska, co-founder and CEO of Infarm, said, “The current food system is broken. Vertical farming and the Infarm system provide a sustainable solution to feed a growing population in a way that's much better for the planet and is far more resilient and flexibl
