Infarm

Agritech/vertical farmingGermany

New to Unitard

💀 Dead / Bankrupt

Peak $1 BillionToday

~-100%

from peak

🦄
Became a unicorn
2021
📈
Peak valuation
$1 Billion ’21
💔
Became a Unitard
Sep 2023
💸
Last valuation
Wiped out

Capital raised

$605M

Total raised

$155K/day

Raised per day

Total raised averaged per day over approximately 10.7 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology

Funding: Crunchbase roster

Current status

Administration / insolvency (2023)

The rise & fall

6 moments · 2013–2023

The key moments, with employee sentiment along the way.

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

The peak: Europe's first vertical-farming unicorn$1B

A Qatar Investment Authority-led Series D tops $1B, capping about $600M raised.

Sifted

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

2022–23

From the inside · Glassdoor reviews, 2022–23

Employee reviews described hypergrowth with no path to profit: leadership burned capital on over-optimistic projections, then shed over 500 jobs — some staff let go just after Christmas on three weeks' notice. Reviewers also recounted the waste behind the sustainability branding.

Sep 2023

Insolvency — joins the Unitard Club 💔

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 · 11 years

💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; 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