About FarmBot
FarmBot is a company based in Sydney (Australia) founded in 2014 by Andrew Coppin and Craig Hendricks.. FarmBot has raised $7.82 million across 5 funding rounds from investors including Telstra, Macdoch Ventures and SYD Ventures. FarmBot offers products and services including Water Level Monitor, Rain Gauge, Pump Control, and Security Camera. FarmBot operates in a competitive market with competitors including Semios, CropIn, xFarm, AgriWebb and CropX, among others.
- Headquarter Sydney, Australia
- Founders Andrew Coppin, Craig Hendricks
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Sectors
TechnologyAgriculture
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Phone
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Website
*********
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Social
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- Legal Name Farmbot Australia Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.82 M (USD)
in 5 rounds
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Latest Funding Round
$3.03 M (USD), Series A
Jun 11, 2024
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Investors
Telstra
& 3 more
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Employee Count
Employee Count
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Products & Services of FarmBot
FarmBot offers a comprehensive portfolio of products and services, including Water Level Monitor, Rain Gauge, Pump Control, and Security Camera. 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.
Tracks water levels in tanks and dams remotely for farm efficiency
Monitors rainfall to aid in farm water management decisions
Enables remote control of pumps for better water flow regulation
Provides 24/7 remote farm monitoring for enhanced security
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Funding Insights of FarmBot
FarmBot has successfully raised a total of $7.82M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $3.03 million completed in June 2024. 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 5
- Last Round Series A — $3.0M
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First Round
First Round
(03 Feb 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - FarmBot | Valuation | Macdoch Ventures , Telstra |
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| Dec, 2022 | Amount | Series A - FarmBot | Valuation | Telstra |
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| Oct, 2021 | Amount | Series A - FarmBot | Valuation | Macdoch Ventures |
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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 FarmBot
FarmBot has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Telstra, Macdoch Ventures and SYD Ventures. 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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Investments are made in tech startups by Macdoch Ventures.
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Founded Year | Domain | Location | |
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SYD Ventures is engaged in investing in early-stage startups.
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Founded Year | Domain | Location | |
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muru-D is operated as Telstra's hub for digital innovation and incubation.
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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 FarmBot
| 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 - FarmBot
| 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 |
Farmbot Comparisons
Competitors of FarmBot
FarmBot 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 Semios, CropIn, xFarm, AgriWebb and CropX, 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 |
Data and analytics are delivered for precision crop management.
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| domain | founded_year | HQ Location |
Provider of farm management software solutions utilizing artificial intelligence and earth observation technology for improved crop productivity and decision-making
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| domain | founded_year | HQ Location |
Farm management solutions are delivered via an IoT-sensor platform.
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| domain | founded_year | HQ Location |
Livestock management software is provided for cattle farmers' operations.
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| domain | founded_year | HQ Location |
Provider of wireless sensors for soil moisture monitoring
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| domain | founded_year | HQ Location |
Cloud-based farm management solutions are developed and offered.
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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 Farmbot
Frequently Asked Questions about FarmBot
When was FarmBot founded?
FarmBot was founded in 2014.
Where is FarmBot located?
FarmBot is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of FarmBot?
Andrew Coppin is the current CEO of FarmBot. They have also founded this company.
Is FarmBot a funded company?
FarmBot is a funded company, having raised a total of $7.82M across 5 funding rounds to date. The company's 1st funding round was a Series A of $2.7M, raised on Feb 03, 2014.
What does FarmBot do?
FarmBot was founded in 2014 in Sydney, Australia, within the agricultural technology sector. A cloud-based system is operated to monitor farm water ecosystems, with real-time reporting on water trends, consumption, and alerts delivered. A rain gauge is integrated for automated rainfall data entry, supporting stocking decisions. Operations focus on Australian farms, emphasizing data-driven water management.
What products or services does FarmBot offer?
FarmBot offers Water Level Monitor, Rain Gauge, Pump Control, and Security Camera.
Who are FarmBot's investors?
FarmBot has 4 investors. Key investors include Telstra, Macdoch Ventures, SYD Ventures, and muru-D.
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