About iFarm
iFarm is a company based in Espoo (Finland) founded in 2017. It operates as a SaaS (Software-as-a-Service), Professional Services, and AgriTech Models. iFarm has raised $5 million across 2 funding rounds from investors including IMI.VC, Boris Kim and Taver Capital. iFarm offers products and services including iFarm Leafy Greens, iFarm StackGrow, iFarm Microgreens, iFarm Growtune, and iFarm Berries. iFarm operates in a competitive market with competitors including Niqo Robotics, Naio Technologies, Small Robot, Aigen and XAG, among others.
- Headquarter Espoo, Finland
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Sectors
AgricultureIndustrial Goods & Manufacturing
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Smart Farming Technologies Ltd / Intellectual Farms Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Series A
Aug 20, 2020
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Investors
IMI.VC
& 3 more
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Employee Count
Employee Count
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Products & Services of iFarm
iFarm offers a comprehensive portfolio of products and services, including iFarm Leafy Greens, iFarm StackGrow, iFarm Microgreens, iFarm Growtune, and iFarm Berries. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hydroponic system for growing salads and herbs indoors.
Automated hydroponic solution for salads with energy savings.
Industrial-scale microgreens cultivation using Flood & Drain method.
SaaS platform for managing automated vertical farm operations.
Year-round strawberry cultivation using drip irrigation technology.
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Funding Insights of iFarm
iFarm has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.0M
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First Round
First Round
(14 Feb 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series A - iFarm | Valuation | Taver Capital | |
| Feb, 2019 | Amount | Seed - iFarm | Valuation | Taver Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iFarm
iFarm has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include IMI.VC, Boris Kim and Taver Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech-focused VC investment company funding companies in the US & Israel
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Founded Year | Domain | Location | |
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Early-stage AI startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iFarm
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - iFarm
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ifarm Comparisons
Competitors of iFarm
iFarm operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Niqo Robotics, Naio Technologies, Small Robot, Aigen and XAG, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based robotic solutions for farming weeders and sprayers are provided.
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| domain | founded_year | HQ Location |
Provider of automated farming solutions
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| domain | founded_year | HQ Location |
Robots for sustainable farming are developed and deployed.
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| domain | founded_year | HQ Location |
Developer of solar powered robots for soil regeneration
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| domain | founded_year | HQ Location |
Smart agricultural machinery and technology are developed and manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ifarm
Frequently Asked Questions about iFarm
When was iFarm founded?
iFarm was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is iFarm located?
iFarm is headquartered in Espoo, Finland.
Who is the current CEO of iFarm?
Max Chizhov is the current CEO of iFarm.
Is iFarm a funded company?
iFarm is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Feb 14, 2019.
What does iFarm do?
Innovative vertical farming solutions are provided by iFarm to support cost-effective, IT-driven agricultural businesses. Various hydroponic systems are offered for growing leafy greens, microgreens, berries, and vegetables in controlled environments. Services include farm design, installation, and business support, alongside the Growtune SaaS platform for automation and management. Operations span multiple sectors such as urban farming and sustainable food production, with a focus on reducing water usage and ensuring pesticide-free produce. Farms are established in regions like UAE, Saudi Arabia, and Switzerland, targeting hyperlocal production near end-customers.
What products or services does iFarm offer?
iFarm offers iFarm Leafy Greens, iFarm StackGrow, iFarm Microgreens, iFarm Growtune, and iFarm Berries.
Who are iFarm's investors?
iFarm has 4 investors. Key investors include IMI.VC, Boris Kim, Taver Capital, and Z47.
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