CMS advised the founders of Infarm on the deal.
Infarm GmbH, the world’s fastest growing urban farming network has anncouned a USD 170 million investment in a series C funding round expected to reach USD 200 million. Led by LGT Lightstone, the first round included participation by Israeli VC Hanaco Growth, Swedish publishing group Bonnier, German family-equity-company Haniel, UK-based asset manager Latitude and supported by existing Infarm investors Atomico and Good Harvest. With a mix of equity and debt financing, the fresh capital infusion brings Infarm’s total funding to date to more than USD 300 million.
Founded in Berlin in 2013 by Osnat Michaeli and the brothers Erez and Guy Galonska, Infarm is dedicated to creating a future where local super fresh produce is available for everyone. The farms are placed in various locations in the city, like supermarkets, restaurants and distribution centers, so that vegetables grow and are harvested close to the moment of purchase or consumption. Today, with cutting edge R&D, patented technologies, and a leading multi-disciplinary team, Infarm is growing a worldwide farming network helping cities become self-sufficient in their food production while significantly improving the safety, quality, and environmental footprint of our food.
The CMS team included Dr Jörg Zätzsch (Picture), Lead Partner, Dr Friedrich von Spee, Senior Associate, Mario Galle all Corporate/Venture Capital, Jesko Nobiling, Partner, Corporate/Tax, Dr Rolf Hempel, Partner and Martin Cholewa, Counsel, both Compition &EU.
Involved fees earner: Martin Cholewa – CMS Hasche Sigle; Mario Galle – CMS Hasche Sigle; Rolf Hempel – CMS Hasche Sigle; Jesko Nobiling – CMS Hasche Sigle; Friedrich von Spee – CMS Hasche Sigle; Jörg Zätzsch – CMS Hasche Sigle;
Law Firms: CMS Hasche Sigle;