Published 05 Mar,2021 via Bloomberg Markets - Indoor farming startup Infarm raised an additional $100 million to expand into more foods as the coronavirus pandemic increases interest in growing produce in urban areas.
Infarm, which already grows salad greens and herbs, wants to strengthen its presence in existing markets, hire more people and venture into new crops including mushrooms, tomatoes and chillies, Chief Executive Officer Erez Galonska said. The Berlin-based company received extra financing from existing investors that’s on top of the $170 million raised in September.
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Agnieszka de Sousa