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.
Update: A spokesperson for Infarm told AgFunderNews that the company “won’t be making any comments on the rumors” around the possible new funding.
Previously:
Signs of trouble first cropped up for Infarm at the end of 2022, when the company laid off…
