Infarm raised $100 million in debt and equity, backed by Atomico, Balderton Capital, Astanor Ventures, Cherry Ventures and TriplePoint Capital.

Infarm, a Berlin, Germany-based indoor farming supplier, announced the compeltion of a $100 million financing round.

The money is a combination of debt and equity and was raised from London VC Atomico, Balderton Capital, Astanor Ventures, Cherry Ventures and TriplePoint Capital, presumably prroviding a bulk if not all of the debt.

Atomico's Partner Hiro Tamura will also join Infarm’s board.

Infarm, founded in 2013 by Osnat Michaeli and the brothers Erez Galonska (CEO) and Guy Galonska, combines highly efficient vertical farms with IoT technologies and Machine Learning, to offer an alternative food system that is resilient, transparent, and affordable.

The company distributes its smart modular farms throughout the urban environment to grow fresh produce for the city’s inhabitants. To date, the company has partnered with 25 major food retailers including Edeka, Metro, Migros, Casino, Intermarche, Auchan, Selgros, and Amazon fresh in Germany, Switzerland, and France. Overall, it has deployed more than 200 in-store farms, 150 farms in distribution centres, and is harvesting 150,000+ plants monthly.