About Farmitoo
Farmitoo is a company based in Paris (France) founded in 2017 by Gregoire Casoetto and Mathilde Lefrancois.. Farmitoo has raised $17.49 million across 4 funding rounds from investors including IXO and Ventech. Farmitoo offers products and services including Yield Calculator, Fertilizer Simulator, Equipment Cost Calculator, Machinery Products, and Seeds Range. Farmitoo operates in a competitive market with competitors including Prodealcenter, AgriBusiness.fr, Agrics Machines and Agriaffaires, among others.
- Headquarter Paris, France
- Founders Gregoire Casoetto, Mathilde Lefrancois
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Sectors
Agriculture
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Email
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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
$17.49 M (USD)
in 4 rounds
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Latest Funding Round
$2.63 M (USD), Series A
Oct 17, 2023
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Investors
IXO
& 1 more
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Employee Count
Employee Count
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Products & Services of Farmitoo
Farmitoo offers a comprehensive portfolio of products and services, including Yield Calculator, Fertilizer Simulator, Equipment Cost Calculator, Machinery Products, and Seeds Range. 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.
Estimates crop yields based on field size and soil quality parameters.
Determines nutrient needs for crops and soil types accurately.
Evaluates costs of agricultural machinery and financing options.
Offers tractors and specialized tools for agricultural operations.
Provides various seeds for different crop types and conditions.
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Lead Team
2 people
Software Development Team
1 people
Chargée Team
1 people
Traffic Team
1 people
Ops Team
1 people
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Funding Insights of Farmitoo
Farmitoo has successfully raised a total of $17.49M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.63 million completed in October 2023. 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 Series A — $2.6M
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First Round
First Round
(01 Jun 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Series A - Farmitoo | Valuation |
investors |
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| Jul, 2021 | Amount | Series A - Farmitoo | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - Farmitoo | Valuation |
investors |
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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 Farmitoo
Farmitoo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include IXO and Ventech. 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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Private equity investments in France are managed by IXO.
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Founded Year | Domain | Location | |
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Early-stage funding is provided to innovative founders by Ventech.
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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 Farmitoo
| 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 - Farmitoo
| 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 |
Farmitoo Comparisons
Competitors of Farmitoo
Farmitoo 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 Prodealcenter, AgriBusiness.fr, Agrics Machines and Agriaffaires, 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 |
Agricultural machinery parts are procured via an online marketplace.
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| domain | founded_year | HQ Location |
Online marketplace for new and used agricultural equipment is operated.
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| domain | founded_year | HQ Location |
Operates an ecommerce platform specializing in agricultural equipment for businesses.
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| domain | founded_year | HQ Location |
Operates a listing platform for agriculture and construction machinery and equipment.
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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 Farmitoo
Frequently Asked Questions about Farmitoo
When was Farmitoo founded?
Farmitoo was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Farmitoo located?
Farmitoo is headquartered in Paris, France.
Is Farmitoo a funded company?
Farmitoo is a funded company, having raised a total of $17.49M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.84M, raised on Jun 01, 2018.
What does Farmitoo do?
Farmitoo was established in 2017 in Paris, France, as an online retailer in the agricultural sector. A range of products is supplied, including machinery, technical parts, lifting equipment, tree and market gardening tools, wine-growing apparatus, processing equipment, personal protective gear, tractor components, and harvester parts. Operations focus on e-commerce distribution across Europe, serving farmers and agricultural professionals with essential hardware needs.
Who are the top competitors of Farmitoo?
Farmitoo's top competitors include AgriBusiness.fr, Prodealcenter and Agrics Machines.
What products or services does Farmitoo offer?
Farmitoo offers Yield Calculator, Fertilizer Simulator, Equipment Cost Calculator, Machinery Products, and Seeds Range.