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Infarm
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Short description

Developer of modular vertical farms to offer a local alternative food system

Founded in 2013
Founded in

Company type Bankrupt Public ()
Company type

Industry Group agriculture & food

Sector indoor farming

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Germany Berlin, Germany
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Updated by Cleantech Group on 01/16/2024

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Date Partner Type
07/27/2021
Sobeys Sobeys
Infarm said it will construct new ‘Growing Centers’ — facilities incorporating a distribution hub with multiple 25 square-meter modules that can produce the equivalent of 10,000 square meters of farmland — in the cities of Calgary, Halifax, Hamilton, and Winnipeg.
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IPO INFORMATION

Date

06/18/2021

IPO status

Speculated

IPO Type

SPAC

Amount

Initial shares

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Exchange listed

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Description

Infarm speculated it will go public via merger with SPAC Kernel Group Holdings.

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Date Investors Type Amount
12/16/2021 Qatar Investment Authority Qatar Investment Authority , Partners in Equity Partners in Equity , Hanaco Hanaco , Atomico Atomico , Lightrock Lightrock , Bonnier Ventures Bonnier Ventures (6)
Post-money valuation of
The funding will be used to deploy more vertical farms in the US, Canada, Japan, and Europe, and enter new markets in Asia Pacific. The company also plans to expand its portfolio next year with up to 40 new crops. QIA will work with Infarm to build vertical farming facilities in the Middle East, with the first planned to open in 2023.
 Growth Equity $200,000,000
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