Funding round
Infarm Series A
Infarm, which works in fresh produce production in United States, raised $25M in a Series A round announced on 5 Feb 2018, led by Balderton Capital. 6 firms took part, 4 of them already investors. It is Infarm's second venture round on record; the one before was a Seed in Jun 2017.
$25M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Infarm did not disclose a valuation in this round. It came 8 months after Infarm's Seed. It is 5.0% of the $499M Infarm has raised in the venture rounds on record. Infarm raised again 16 months later: a Series B round of $100M in Jun 2019. Its next priced round, a Series D in Dec 2021, valued it at $1.00B.
Infarm's funding rounds
Infarm has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Balderton Capital led the round with 5 other firms. Balderton Capital, Cherry Ventures, Quadia and LocalGlobe had backed Infarm before.
Lead investor
- Balderton Capital backs 140 venture-backed companies existing investor
Also in the round
- backs 33 venture-backed companies new investor
- Mons Investments LLC new investor
- backs 92 venture-backed companies existing investor
- backs 11 venture-backed companies existing investor
- LocalGlobe existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Fruit & Vegetable - Markets & Stores, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Fruit & Vegetable - Markets & Stores | 15 Aug 2018 | $8.5M | not disclosed | Spark Capital |
| Ping An Good Doctor Health Care Services | 2 Feb 2018 | $1.15B | $8.80B | SoftBank Vision Fund |
| Pharmaceutical Products | 1 Feb 2018 | $60M | not disclosed | Perceptive Advisors and Adams Street Partners |
| Medical Supply Manufacturers | 7 Feb 2018 | $31M | not disclosed | Invus and F-Prime Capital Partners |
| Tech Companies | 14 Feb 2018 | $27M | not disclosed | not named |
| Tech Companies | 2 Feb 2018 | $26M | not disclosed | NWS Holdings |
| Tech Companies | 5 Feb 2018 | $25M | not disclosed | Breyer Capital |
| Perfect Day Dairy Products - Farms & Stores | 27 Feb 2018 | $25M | not disclosed | Temasek |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Infarm raise in its Series A round?
Infarm raised $25M in its Series A round, announced in Feb 2018.
Who led Infarm's Series A round?
Balderton Capital led it, with TriplePoint Capital, Mons Investments LLC, Cherry Ventures, Quadia and LocalGlobe.
What was Infarm's valuation at the Series A round?
It was not disclosed.
Did Infarm raise again after this round?
Yes: a Series B round in Jun 2019 of $100M.