Urban agriculture giant Infarm plots $250m financing

SourceSkyNews
SectorAgriculture
CountryMiddle east

Infarm, one of the world’s fastest-growing vertical farming companies, has picked bankers to line up a mammoth fundraising that will underline burgeoning investor interest in the sector.Sky News has learnt that Infarm has hired Goldman Sachs to oversee its biggest funding round to date, just five months after raising $170m from a syndicate of blue-chip backers. Sources said the latest financing was likely to kick off in the coming weeks and would be completed later this year. Image: Infarm has a partnership with M&S It is expected to crystallise so-called 'unicorn' status for Infarm - meaning it would join the crop of European technology companies worth at least $1bn.Infarm, which is based in Germany, is targeting a vertical farming network of 5m square feet by 2025, it said in a statement last year. ...read more...