About Farcast
Farcast is a company based in Hawthorne (United States) founded in 2016 by Benjamin Kohlmann and Joel Ifill. It operates as a On-Demand Services. Farcast has raised $12.48 million across 4 funding rounds from investors including Techstars, 8VC and TVP. Farcast offers products and services including Air Cargo Delivery. Farcast operates in a competitive market with competitors including Volansi, Airspace, Zipline, DroneUp and Wing, among others.
- Headquarter Hawthorne, United States
- Founders Benjamin Kohlmann, Joel Ifill
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.48 M (USD)
in 4 rounds
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Latest Funding Round
$8 M (USD), Seed
Dec 16, 2020
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Investors
Techstars
& 6 more
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Employee Count
Employee Count
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Products & Services of Farcast
Farcast offers a comprehensive portfolio of products and services, including Air Cargo Delivery. 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.
Cargo is delivered precisely to remote global locations.
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Funding Insights of Farcast
Farcast has successfully raised a total of $12.48M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $8 million completed in December 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 4
- Last Round Seed — $8.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Seed - Farcast | Valuation | 8VC | |
| Apr, 2020 | Amount | Seed - Farcast | Valuation |
investors |
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| Jul, 2019 | Amount | Seed - Farcast | Valuation | Techstars |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Farcast
Farcast has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Techstars, 8VC and TVP. 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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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location | |
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Early-stage tech startups in regulated markets are funded by TVP.
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Founded Year | Domain | Location | |
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Investment in transformative technologies is facilitated across markets.
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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 Farcast
| 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 - Farcast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Farcast Comparisons
Competitors of Farcast
Farcast 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 Volansi, Airspace, Zipline, DroneUp and Wing, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
VTOL drone delivery solutions for logistics are provided.
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| domain | founded_year | HQ Location |
Web-based cargo management solutions are offered for air logistics.
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| domain | founded_year | HQ Location |
Drones are operated for on-demand delivery of medical supplies.
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| domain | founded_year | HQ Location |
AI-powered unmanned air traffic control systems are provided.
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| domain | founded_year | HQ Location |
Drone-based on-demand delivery services and traffic management software are provided.
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| domain | founded_year | HQ Location |
Cloud-based on-demand drone delivery for e-commerce is provided.
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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 Farcast
Frequently Asked Questions about Farcast
When was Farcast founded?
Farcast was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Farcast located?
Farcast is headquartered in Hawthorne, United States. It is registered at Hawthorne, California, United States.
Who is the current CEO of Farcast?
Benjamin Kohlmann is the current CEO of Farcast. They have also founded this company.
Is Farcast a funded company?
Farcast is a funded company, having raised a total of $12.48M across 4 funding rounds to date.
What does Farcast do?
Farcast is involved in providing innovative air cargo delivery solutions. Precision delivery hardware is utilized for safe midflight cargo ejection, landing in designated areas. Software is employed to map routes and guide pilots. Automated systems are used for cargo handling, while pods ensure real-time control for accurate delivery. The company focuses on reaching remote locations worldwide, addressing challenges of slow mail, weather delays, and high costs. Operations are centered in the logistics and transportation sector.
Who are the top competitors of Farcast?
What products or services does Farcast offer?
Farcast offers Air Cargo Delivery.
Who are Farcast's investors?
Farcast has 7 investors. Key investors include Techstars, 8VC, TVP, Deepwater, and Trust Ventures.
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