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
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- 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.
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.
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.
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Tech-based companies are invested in by Atomico venture capital fund.
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Impact investments are made in UK companies across key sectors.
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Early-stage tech startups are funded by this venture capital firm.
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Investor details for FarmDrop
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Investments & Acquisitions by FarmDrop
Investment portfolio details for FarmDrop
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Financial Statements - FarmDrop
Detailed financials for FarmDrop
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Farmdrop Comparisons
Peer comparison for FarmDrop
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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.
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Online marketplace for organic and natural food products
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Provides an online subscription service for convenient fruit delivery.
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Online platform that connects small farms with others
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Urban farm growing organic produce and flowers for direct sales in London.
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Delivers fresh fruit and vegetable boxes to London homes and offices sustainably.
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Detailed competitors of FarmDrop
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Latest news on 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.
As of Jun 30, 2020, the latest employee count at FarmDrop is 175.
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.