The Dutch branch of vertical farming startup Infarm, best known for its global network of modular container farms, has been declared bankrupt according to official documents.
Infarm says the bankruptcy is not impacting its current restructure in which the company is focusing on markets where profitability is likely attainable.
Multiple industry sources say Infarm has raised $40 million $50 million in new funds from Qatar.
Previously:
Signs of trouble first cropped up for Infarm at the end of 2022, when the company laid off more than half its staff in an effort to downsize operations.
The company, which grows leafy greens in vertical farm environments, closed operations in Denmark, the UK,…
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