About FarmDrop
FarmDrop is a Retail company based in London (United Kingdom) founded in 2012 by Charles Benedict Pugh and Winnie Pugh. It operates as an online marketplace for ordering farm produce with on-demand cultivation. It operates in the Retail and Agriculture sectors. 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. FarmDrop was last valued at $53.18 million in July 2019. FarmDrop offers products and services including Organic Groceries, Health Supplements, and Skincare Products. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Fruits and Vegetables. Its legal entity is FARMDROP LIMITED. Its competitors include The Food Market, Fruitrunner, Ooooby, Sitopia Farm and Fruit 4 London and 2 more; 1 of its 7 listed competitors has raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Employees 175
- Founders Charles Benedict Pugh, Winnie Pugh
- Stage Minicorn
- SectorsRetailAgriculture
- Website farmdrop.com
- Social X
- Legal Name Farmdrop Limited
- Date of Incorporation 20 Jun, 2012
- Jurisdiction NEWCASTLE
- Annual Revenue$14.9 M (USD)119as on Jun 30, 2020
- Net Profit-$10.82 M (USD)20as on Jun 30, 2020
- EBITDA-$414.46 K (USD)-125as on Jun 30, 2020
- Total Equity Funding$55.37M (USD)
in 6 rounds
- Latest Funding Round$640.7K (USD), Series B
Jul 2019
- InvestorsBelltown Power
& 8 more
- Employee Count175
Products & Services of FarmDrop
FarmDrop offers a comprehensive portfolio of products and services, including Organic Groceries, Health Supplements, and Skincare Products.
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 $55.37M
- Total Rounds 6
- Last Round Series B — $640,700
- First Round $903,000
(Mar 2013)
- Investors Count 9
All 6 funding rounds of FarmDrop with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2019 | $640,700 | Series B | $53.18M | – | – |
| Jun 2018 | $13.36M | Series B | – | Belltown Power, Impact Ventures UK | |
| Apr 2017 | $8.96M | Series A | – | Atomico | |
| Aug 2015 | $28.7M | Series A | – | Atomico | |
| Jul 2014 | $2.8M | Seed | $4.3M | – | – |
| Mar 2013 | $903,000 | Angel Round | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2019 | $53.18M | •••••••• |
| Jul 2014 | $4.3M | •••••••• |
| Mar 2013 | $••••• | •••••••• |
Full valuation and stage history of FarmDrop
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $53.18M (Jul 2019). 9 investors in total: 4 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech-based companies are invested in by Atomico venture capital fund. | 2006 | atomico.com | London, United Kingdom | |
Impact investments are made in UK companies across key sectors. | – | impactventuresuk.com | London, United Kingdom | |
Early-stage tech startups are funded by this venture capital firm. | – | jamjarinvestments.com | London, United Kingdom | |
Developer of renewable energy power plants | 2013 | belltownpower.com | London, United Kingdom | |
NZ Niklas Zennstrom | - | – | unknown_3133310ca0d245d38 | - |
JR Jon Reynolds | - | – | unknown_3f27b9e678f64419a | - |
AE Alexander Edward Chesterman | British entrepreneur, founder of Cazoo, active angel investor in tech startups | – | unknown_1a9e77360dd342db8 | - |
NW Nigel Wray | - | – | unknown_780e3f75dc024af5b | - |
QG Quentin Griffiths | Angel investor and entrepreneur, co-founder of Achalare Realtors, based in India. | – | unknown_0ed8fd625c3a4362b | - |
Investor details for FarmDrop
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People of FarmDrop
2 people are tracked at FarmDrop (2 in leadership); the tracked headcount is 175.
| Name | Role | Group |
|---|---|---|
Charles Benedict Pugh | Co-Founder | Leadership |
Winnie Pugh | Co-Founder | Leadership |
Complete people profiles for FarmDrop
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Timeline of FarmDrop
4 dated milestones of FarmDrop across 7 years, from founding to its latest funding, stage changes and deals.
- Founded FarmDrop is founded.
- Funding First funding round of $903K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $641K.
Competitors of FarmDrop
FarmDrop has 7 listed competitors in our database, 1 of them funded. They include The Food Market, Fruitrunner, Ooooby, Sitopia Farm and Fruit 4 London, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| thefoodmarket.com | 2015 | London, United Kingdom | $445,981 | 8 | Online marketplace for organic and natural food products | |
| fruitrunner.co.uk | 2013 | Solihull, United Kingdom | – | 3 | Provides an online subscription service for convenient fruit delivery. | |
| ooooby.com | 2008 | Totnes, United Kingdom | – | – | Online platform that connects small farms with others | |
| sitopiafarm.com | 2021 | London, United Kingdom | – | 1 | Urban farm growing organic produce and flowers for direct sales in London. | |
| fruit4london.co.uk | 2008 | London, United Kingdom | – | – | Delivers fresh fruit and vegetable boxes to London homes and offices sustainably. | |
| hooksgreenherbs.com | 2005 | Stone, United Kingdom | – | 3 | Manages an e-commerce store offering plants and seeds for growers. | |
| dorsetmicrogreens.co.uk | 2020 | Weymouth, United Kingdom | – | – | Operates an online platform delivering microgreens directly to customers. |
Detailed competitors of FarmDrop
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Top companies in Food & Grocery Retail
10 companies that operate in the same segment as FarmDrop (Food & Grocery Retail), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Meal recipe kits are delivered through a weekly subscription service. | 2011 | Berlin, Berlin, Germany | USD 367.28 M | USD 1.51 B | 17,595 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | – | 11,913 | |
Multi-category products are delivered quickly through an online platform. | 2020 | Bengaluru, Karnataka, India | USD 2.35 B | USD 344.05 K | 40,578 | |
Organic groceries are offered through an online membership platform. | 2013 | Los Angeles, California, United States | USD 332.18 M | – | – | |
Online marketplace platform offering multi-category grocery products | 2012 | San Francisco, California, United States | USD 2.93 B | USD 3.74 B | 25,408 | |
Platform offering food and grocery delivery services | 2013 | London, England, United Kingdom | USD 2.95 B | USD 2.59 B | 11,488 |
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Related news about Farmdrop
Complete news archive for FarmDrop
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Frequently Asked Questions about FarmDrop
FarmDrop was founded in 2012 and raised its 1st funding round 1 year after it was founded.
FarmDrop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
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 Angel Round of $903K, raised on Mar 2013.
FarmDrop has 175 employees.
Annual revenue of FarmDrop is $14.9M as on Jun 30, 2020.
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.
FarmDrop's top competitors include The Food Market, Ooooby and Fruitrunner.
FarmDrop offers Organic Groceries, Health Supplements, and Skincare Products.
FarmDrop has 9 investors. Key investors include Belltown Power, Atomico, Impact Ventures UK, Niklas Zennstrom, and Jon Reynolds.
The valuation of FarmDrop is $53.18M as of Jul 2019.
FarmDrop operates through Farmdrop Limited.