Funding round
Infarm Series C
Infarm, which works in fresh produce production in United States, raised $170M in a Series C round announced on 17 Sep 2020, led by LGT Lightstone. 9 firms took part. It is Infarm's fourth venture round on record; the one before was a Series B in Jun 2019.
$170M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Infarm did not disclose a valuation in this round. It came 15 months after Infarm's Series B. It is 34% of the $499M Infarm has raised in the venture rounds on record. Infarm raised again 15 months later: a Series D round of $200M in Dec 2021, at $1.00B post-money.
Infarm's funding rounds
Infarm has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
LGT Lightstone led the round with 8 other firms.
Lead investor
- LGT Lightstone new investor
Also in the round
- backs 43 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- Haniel new investor
- Phoenix Court backs 45 venture-backed companies new investor
- Atomico backs 123 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- Mons Capital new investor
- backs 42 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Zwift Tech Companies | 16 Sep 2020 | $450M | $1.00B | KKR |
| Kavak Hosting & Cloud Infrastructure Providers | 30 Sep 2020 | $385M | $1.15B | not named |
| Neon Payment Processing & Point of Sale | 2 Sep 2020 | $300M | not disclosed | General Atlantic |
| Greenlight Payment Processing & Point of Sale | 1 Sep 2020 | $215M | $1.20B | Canapi Ventures and TTV Capital |
| Warehousing & Storage | 24 Sep 2020 | $200M | not disclosed | Taikang Insurance Group and HighLight Capital |
| Software Development Services | 22 Sep 2020 | $133M | $708M | Group 42 and BP Ventures |
| Biofourmis Tech Companies | 3 Sep 2020 | $100M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 21 Sep 2020 | $90M | not disclosed | SIG and RTP Global |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Infarm raise in its Series C round?
Infarm raised $170M in its Series C round, announced in Sep 2020.
Who led Infarm's Series C round?
LGT Lightstone led it, with Hanaco, Bonnier Capital, Haniel, Phoenix Court and Atomico and 3 more.
What was Infarm's valuation at the Series C round?
It was not disclosed.
Did Infarm raise again after this round?
Yes: a Series D round in Dec 2021 of $200M at $1.00B post-money.