Infarm, a Berlin-based startup offering vertically produced herbs and green leaves, has raised USD 200 million in Series D funding. The round included the participation of new investor Qatar Investment Authority (QIA) and existing investors such as Hanaco, Atomico, Lightrock, and Bonnier. The round brings the company’s total funding to around USD 605 million at a valuation of more than USD 1 billion.

The fresh funds will be funneled toward Infarm’s global growth strategy— focus on expanding its vertical farming operations in the United States, Canada, Japan, and Europe with plans to enter into new markets in Asia-Pacific and the Middle East. Moreover, Infarm revealed plans to open its first growing center in Qatar in 2023, which will focus on fruits such as strawberries alongside leafy greens, herbs, and salads.

Infarm also reported its goal to increase its presence to 100 growing centers across 20 countries by harvesting a variety of fruits and vegetables by 2030. As of date, Infarm is conducting R&D to expand its portfolio with 40 new crops in 2022 including mushrooms, cherry tomatoes, peas, and strawberries.