Cherry Ventures: EUR 20 million Series A round for InFarm
Berlin — InFarm receives EUR 20 million Series A financing from Cherry Ventures, led by Balderton Capital. In addition to new shareholders such as TriplePoint and Mons Investments LLC, existing investors Cherry Ventures, Quadia and LocalGlobe also participated. Cherry Ventures was advised by Clemens Waitz and Sabine Röth of the law firm Vogel Heerma Waitz. Spring 2017, Clemens Waitz and Sabine Röth (Photo) advised Cherry Ventures on the seed financing round led by Cherry Ventures. In this framework, Quadia and LocalGlobe had also participated.
InFarm, a vertical farming startup, was founded in 2013. There are now more than 50 vertical farms in Berlin restaurant kitchens, supermarkets and warehouses, including Edeka and Metro stores. With the fresh money, InFarm plans to go to Paris, London and Copenhagen this year, as well as launch in other German cities.
Consultant: Vogel Heerma Waitz
Dr. Clemens Waitz (Partner)
Sabine Röth (Partner)
About Vogel Heerma Waitz
Vogel Heerma Waitz is a Berlin-based law firm specializing in growth capital, technology and media that has been in operation since May 2014 and can draw on a total of more than 40 years of experience of its partners and staff in connection with growth capital financings.