Altss Research / Venture case 22
Infarm
Infarm's German parent entered administration in September 2023 after disclosing a private valuation well above $1bn in 2021. Its business records, contracts, intellectual property and equipment were subsequently sold.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
>$1bnIssuer-disclosed lower bound: Infarm stated that its $200m Series D valued it well above $1bn. The release did not give an exact valuation or specify pre-money versus post-money.
Bankruptcy / insolvency
No sale priceParent entered administration. The official notice records the appointment of RSM administrators to Infarm – Indoor Urban Farming GmbH on September 4, 2023. This is the appointment date, distinct from the notice publication.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Series D established unicorn valuation
Infarm disclosed a $200m financing and a valuation well above $1bn.
Administrators appointed
The Gazette identifies the parent, UK registration FC040818, and the September appointment date.
Business assets sold
HortiDaily's account of the administrator's progress report identifies May Acquisitions Limited as the buyer of records, contracts, intellectual property and equipment.
Source documents
Publication and access dates identify the evidence used for this case.
Infarm via PR Newswire · Primary source · Published Dec 16, 2021 · Accessed Oct 26, 2026
The Gazette · Primary source · Published Sep 11, 2023 · Accessed Oct 26, 2026
HortiDaily · Financial reporting · Published Apr 29, 2024 · Accessed Oct 26, 2026
Logo: Infarm logo source. Company trademark rights remain.
