About FarmDrop
FarmDrop is a company based in London (United Kingdom) founded in 2012 by Charles Benedict Pugh and Winnie Pugh.. FarmDrop has raised $55.37 million across 6 funding rounds from investors including Belltown Power, Atomico and Impact Ventures UK. The company has 175 employees as of June 30, 2020. FarmDrop offers products and services including Organic Groceries, Health Supplements, and Skincare Products. FarmDrop operates in a competitive market with competitors including The Food Market, Fruitrunner, Ooooby, Sitopia Farm and Fruit 4 London, among others.
- Headquarter London, United Kingdom
- Employees 175 as on 30 Jun, 2020
- Founders Charles Benedict Pugh, Winnie Pugh
- Stage Minicorn
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Sectors
RetailAgriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Farmdrop Limited
- Date of Incorporation 20 Jun, 2012
- Jurisdiction NEWCASTLE
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Annual Revenue
$14.9 M (USD)119as on Jun 30, 2020
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Net Profit
$-10.82 M (USD)20as on Jun 30, 2020
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EBITDA
$-414.46 K (USD)-125as on Jun 30, 2020
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Total Equity Funding
$55.37 M (USD)
in 6 rounds
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Latest Funding Round
$640.7 K (USD), Series B
Jul 31, 2019
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Investors
Belltown Power
& 8 more
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Employee Count
175
as on Jun 30, 2020
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Products & Services of FarmDrop
FarmDrop offers a comprehensive portfolio of products and services, including Organic Groceries, Health Supplements, and Skincare Products. 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.
Provides certified organic food items for everyday consumption
Offers vitamins and minerals to support health and immunity
Delivers natural skincare solutions for various skin types
Funding Insights of FarmDrop
FarmDrop has successfully raised a total of $55.37M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $640.7 thousand completed in July 2019. 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 6
- Last Round Series B — $640,700
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First Round
First Round
(05 Mar 2013)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Series B - FarmDrop | Valuation |
investors |
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| Jun, 2018 | Amount | Series B - FarmDrop | Valuation | Belltown Power , Impact Ventures UK | |
| Apr, 2017 | Amount | Series A - FarmDrop | Valuation | Atomico |
| 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 FarmDrop
FarmDrop has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Belltown Power, Atomico and Impact Ventures UK. 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-based companies are invested in by Atomico venture capital fund.
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Founded Year | Domain | Location | |
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Impact investments are made in UK companies across key sectors.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by this venture capital 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 FarmDrop
| 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 - FarmDrop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Farmdrop Comparisons
Competitors of FarmDrop
FarmDrop 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 The Food Market, Fruitrunner, Ooooby, Sitopia Farm and Fruit 4 London, 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 |
Online marketplace for organic and natural food products
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| domain | founded_year | HQ Location |
Provides an online subscription service for convenient fruit delivery.
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| domain | founded_year | HQ Location |
Online platform that connects small farms with others
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| domain | founded_year | HQ Location |
Urban farm growing organic produce and flowers for direct sales in London.
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| domain | founded_year | HQ Location |
Delivers fresh fruit and vegetable boxes to London homes and offices sustainably.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Farmdrop
Frequently Asked Questions about FarmDrop
When was FarmDrop founded?
FarmDrop was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is FarmDrop located?
FarmDrop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is FarmDrop a funded company?
FarmDrop is a funded company, having raised a total of $55.37M across 6 funding rounds to date. The company's 1st funding round was a Series A of $8.96M, raised on Mar 05, 2013.
How many employees does FarmDrop have?
As of Jun 30, 2020, the latest employee count at FarmDrop is 175.
What is the annual revenue of FarmDrop?
Annual revenue of FarmDrop is $14.9M as on Jun 30, 2020.
What does FarmDrop do?
FarmDrop was founded in 2012 in London, United Kingdom, as an online marketplace in the agritech sector. Consumers are connected to local farmers for ordering fruits, vegetables, dairy, meat, and related products. Orders are aggregated and assigned to farmers for harvesting, after which delivery is arranged to customers. Operations focus on facilitating direct access between urban consumers and rural producers.
Who are the top competitors of FarmDrop?
FarmDrop's top competitors include The Food Market, Ooooby and Fruitrunner.
What products or services does FarmDrop offer?
FarmDrop offers Organic Groceries, Health Supplements, and Skincare Products.
Who are FarmDrop's investors?
FarmDrop has 9 investors. Key investors include Belltown Power, Atomico, Impact Ventures UK, Niklas Zennstrom, and Jon Reynolds.
What is FarmDrop's valuation?
The valuation of FarmDrop is $53.18M as of Jul 2019.
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