The Berlin-based company makes small indoor vertical farms for herbs and vegetables that it sells directly to grocery stores, allowing shoppers to pick their own produce in the store.
Infarm’s team wants to see its technology eliminate waste in the produce supply chain, TechCrunch reports. Demand for locally-grown food is on the rise, both to bolster food security and support local economic activity.
In the U.S., local food sales are expected to reach $20 billion next year, a four-fold increase from 2008.
Infarm’s Series A funding from Balderton Capital, TriplePoint Capital, Mons Investments, and several previous investors will be used to launch 1,000 farms around Germany and in Paris, Copenhagen, and London.