Berlin-based portable vertical farm startup InFarm on Tuesday disclosed a vast Series B raise of $100 million, bringing its total funding to over $134 million. The raise dramatically eclipsed the big vertical farming news from Britain’s Ocado, which had forked out $22m just a day before as part of a majority stake buyout of JFC, as well as for its new joint venture Infinite Acres.
Silo, a marketplace for perishable food producers and distributors, has raised $3 million in seed funding led Initialized Capital, the fund founded by Reddit co-founder Alexis Ohanian and Garry Tan.
Red Sea Farms, a Saudi Arabian startup developing saltwater-tolerant crops and saltwater-based greenhouses in the Middle East, has secured $1.9 million in funding.
The startup raised funding to build a 2,000 square meter saltwater greenhouse in Saudi Arabia comes from the country’s King Abdullah University of Science and Technology (KAUST) Innovation Fund and the Research Products Development Company (RPDC).