Funding round
Infarm Series D
Infarm, which works in fresh produce production in United States, raised $200M in a Series D round announced on 16 Dec 2021, led by Qatar Investment Authority, at a $1.00B post-money valuation. 6 firms took part, 3 of them already investors. It is Infarm's fifth venture round on record; the one before was a Series C in Sep 2020.
$200M
Amount raised
$1.00B
Post-money valuation
$800M pre-money
6
Investors
1 lead
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Infarm at $1.00B after the new money. The $200M bought investors about 20% of the company. It came 15 months after Infarm's Series C. It is 40% of the $499M Infarm has raised in the venture rounds on record. No later venture round is on record for Infarm.
Infarm's funding rounds
Infarm has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Qatar Investment Authority led the round with 5 other firms. Atomico, Lightrock and Bonnier Capital had backed Infarm before.
Lead investor
- Qatar Investment Authority backs 71 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, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anchorage Digital Cryptocurrency | 15 Dec 2021 | $350M | $3.00B | KKR |
| Tech Companies | 16 Dec 2021 | $200M | $1.00B | Qatar Investment Authority |
| Biotechnology | 9 Dec 2021 | $189M | not disclosed | HSG and CMB International Capital Corporation |
| Food delivery | 17 Dec 2021 | $130M | not disclosed | Perwyn |
| Voi Bicycle Rental Services | 21 Dec 2021 | $115M | $1.00B | The Raine Group and VNV Global |
| Tech Companies | 6 Dec 2021 | $110M | $600M | Tiger Global |
| Tech Companies | 7 Dec 2021 | $110M | $960M | Sixth Street |
| Catering & Delivery | 15 Dec 2021 | $100M | $1.60B | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Infarm raise in its Series D round?
Infarm raised $200M in its Series D round, announced in Dec 2021.
Who led Infarm's Series D round?
Qatar Investment Authority led it, with Partners in Equity, Hanaco, Atomico, Lightrock and Bonnier Capital.
What was Infarm's valuation at the Series D round?
$1.00B post-money ($800M pre-money).