A greenhouse module from Infarm needs 40 square meters – it should deliver the same crop yield as 10,000 square meters in conventional cultivation.
Düsseldorf, Berlin With the Berlin company Infarm, the first German food start-up exceeds the valuation of one billion dollars. This is ensured by a new financing round of 177 million euros, which Infarm announced on Thursday. The company that Osnat Michaeli and the brothers Erez and Guy Galonska founded in 2013 is one of the so-called unicorns.
The business model: grow herbs and vegetables efficiently, ecologically and as close as possible to the point of sale. “More than half of the world’s top retailers are already among our customers,” Infarm boss Erez Galonska told Handelsblatt.
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