Vertical farming company raised $500M, and then it all but disappeared
Vertical farming company raised $500M, and then it all but disappeared
sifted.eu This vertical farming company raised $500m, and then it all but disappeared
Once a hot Berlin-based startup, Infarm struggled to turn a profit, causing it to declare insolvency in its major European markets in 2023
There is a discussion on Hacker News, but feel free to comment here as well.
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I was really hoping for vertical farming to take off
6It still probably will. It uses significantly less water than traditional farming methods. That will be a huge factor in the coming years
6The same is true of controlled environment agriculture but without the extra electricity need. I wish that (hydroponic greenhouses) would get more of the limelight.
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