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Morning Report: Berlin-based AgTech startup Infarm raises a $25 million Series A from Balderton Capital.

Berlin-based AgTech startup, , raised a $25 million announced yesterday. The round was led by London-based .聽According to , the funds will be directed toward development of it鈥檚 R&D center in Berlin and toward global expansion to Paris, London, Copenhagen, and other German cities.

Infarm was developed by founders Guy and Erez Galonska with the to supply consumers with fresh, organic produce. The vertical farming approach not only helps , but it also reduces water usage and other waste.

The indoor hydroponic vertical farming units are essentially mini farms that can be placed in supermarkets, schools, shopping malls, and restaurants alike. The units allow the consumer to harvest vegetables, fruit, and herbs in the grocery store for a to other fresh goods. The units are through the cloud.

The startup has raised $32 million since its inception in 2012. It raised $4.5 million in its led by Berlin-based in July 2017. The company also accepted as part of the grant program, which is a fund meant to in Europe.

From The Crunchbase Daily

• U.S. stocks tumbled Monday, with the Dow recording its worst one-day point drop in history and the carnage extending to tech shares. The selloff raises concerns for the large pipeline of valuable private companies contemplating IPOs, as new offerings tend to see better reception in bull markets.

• That said, there’s still plenty of bullish news in tech-land. For instance, technology venture firm Battery Ventures just raised $1.25 billion for two new funds. Of the total, $800 million will go to a fund to making investments across all stages, and $450 million will go to a fund focused on larger growth-stage rounds.

Gay dating app Blued secures $100M

• Meanwhile, Beijing-based gay dating app, Blued, raised $100 million in a Series D funding round led by Hong-Kong based CDH Investments. Launched in 2012, the app now boasts 27 million users globally on its website.