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Infarm's mission is to produce more with less and build a better food system for us all.
21% employee growth in 12 months
It is projected that by 2050 two-thirds of humanity – or 6.5 billion people – will be living in urban spaces. The challenge will be building and managing urban spaces to sustain such a massive population. In theory, industrial agriculture produces enough food to feed the world as a whole, but the current model is unsustainable.
'Infarms' are indoor units designed to fit into any space and size, and are controlled by sensors and a centralised, cloud-based platform which regulates the growing process. They use no pesticides, require 95% less water than traditional farms, and reduce transportation by 90%, a considerable increase of efficiency against traditional farming.
Infarm's 'agriculture-as-a-service' business model is fairly simple: Infarm provides a modular 'farm' to an urban business, and receives income per harvested plant. With Infarm maintaining the 'farm', it is up to the business keeping it to sell the produce. So far, this model has proven greatly successful with over half of the world's largest food retailers partnering with Infarm.
The market for fruit and vegetables already tops €2 trillion, and is expected to grow to €5 trillion by 2030. With impressive funding backing it up, and having already developed a unique system of high-tech, cloud-controlled 'farm' management, the signs are clear that Infarm is going to see great success in the years to come.
Steph
Company Specialist at Welcome to the Jungle
Dec 2021
$200m
SERIES D
Mar 2021
$50m
SERIES C
This company has top investors
Erez Galonska
(CEO)An entrepreneur based in Berlin, Germany.
Osnat Michaeli
(CMO)Studied traditional Chinese medicine at Medicin College Tel-Aviv.
Guy Galonska
(CTO)Berlin-based entrepreneur