Infarm
Agritech/vertical farmingGermany
New to Unitard
π Dead / Bankrupt
PeakΒ $1 BillionToday
~-100%
from peak
- π¦Became a unicorn2021
- πPeak valuation$1 Billion β21
- πBecame a UnitardSep 2023
- πΈLast valuationWiped out
π₯ Raised & burned
$605M
Total raised
$155K/day
Burned Β· 10.7y alive
Funding: Crunchbase roster
Current status
Administration / insolvency (2023)
The rise & fall
6 moments Β· 2013β2023The key moments, with employee sentiment along the way.
2013
2013
Founded in Berlin
Osnat Michaeli and brothers Erez and Guy Galonska start growing herbs in a 1955 Airstream trailer, then shrink the farm into a supermarket display case.
Sifted
Dec 2021
Dec 2021
The peak: Europe's first vertical-farming unicorn$1B
A Qatar Investment Authority-led Series D tops $1B, capping about $600M raised.
Sifted
2022
2022
Energy prices break the model
Power-hungry indoor farms meet Europe's energy crisis; Infarm announces cuts of more than 500 jobs and begins retreating from Europe.
Sifted
2022β23
From the inside Β· Glassdoor reviews, 2022β23
Employee reviews described hypergrowth with no path to profit: leadership burned capital on over-optimistic projections, then shed over 500 jobs β some staff let go just after Christmas on three weeks' notice. Reviewers also recounted the waste behind the sustainability branding.
Sep 2023
Sep 2023
Insolvency β joins the Unitard Club π
The European retreat ends in administration; intellectual property that once backed a $1B valuation is later valued at about one euro.
Sifted
$1Bof peak value erased Β· 11 years
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Infarm placed modular growing units in supermarkets and became Europe's first vertical-farming unicorn, topping $1B in a December 2021 Series D led by the Qatar Investment Authority. Soaring energy prices and capital intensity made the model untenable; Infarm exited Europe and entered insolvency in 2023, its IP later valued at around one euro.
Source: Sifted; Qatar Investment Authority-backed
Where they went
- Erez GalonskaCo-founder & CEOCo-founder & CEO at Liminal
- Guy Galonskaco-founder & CTONot on record
- Osnat Michaelico-founder & chief marketing officerNot on record
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
