Atomico leads €88m round for Infarm

Atomico is currently investing from its Atomico IV vehicle, which closed on $765m in 2017.

Existing investors Balderton Capital, Astanor Ventures, Cherry Ventures and TriplePoint Capital also participated.

The capital will be used to grow the company in Europe and the US, and to increase headcount on the R&D, operational and commercial teams.

Atomico partner Hiro Tamura will join Infarm's board following the transaction.

Previous funding
Infarm received its first seed round investment in 2015.

In 2017, the EU Executive Agency for SMEs gave a grant of €1.9m to the company. Later in 2017, Cherry Ventures led a €4m seed round, with participation from Quadia, LocalGlobe, Ideo and Atlantic Food Labs.

In February 2018, Horizon 2020 gave a grant of €2m and Balderton Capital led a $25m series-A funding round for the company. Quadia, Mons Investment, LocalGlobe and Cherry Ventures participated with debt financing provided by TriplePoint.

Company
Based in Berlin and founded in 2013, Infarm builds indoor vertical farming systems for supermarkets, restaurants, shopping malls and schools. The farms can be monitored and controlled from Infarm's central control centre using cloud computing and data analytics. The company has already partnered with 25 major food retailers in Germany, Switzerland and France. It employs 250 people.

People
Atomico – Hiro Tamura (partner).
Infarm – Erez Galonska (co-founder, CEO); Osnat Michaeli (co-founder, chief marketing officer).

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• Topics
• Expansion
• DACH
• Consumer
• Balderton Capital
• Atomico
• Germany
• Venture