About Farmsave
Farmsave is an Agriculture company based in Perth (Australia) founded in 2006 by Dirk Butter, and was acquired by FBN in July 2020. Broadacre agrochemicals are purchased via a managed marketplace by farmers. It operates in the Agriculture and Retail sectors. Farmsave has raised $40 thousand across 1 funding round from investors including FBN and muru-D. The company was acqui-hired. Its focus areas include B2B E-Commerce, Marketplace, Food and Agriculture Tech and Crop Tech. Its competitors include AgDraft, Grain Brokers Australia and Clear Grain.
Company details
Founded in 2006 in Perth, Australia, Farmsave operates within the agricultural sector as a marketplace for broadacre agrochemicals. Orders are placed by farmers for specific brands and quantities, which are then aggregated. Negotiations occur with suppliers and dealers to secure discounted pricing. Deliveries are made to rural depots near order clusters, allowing buyers to collect their products. Commissions are earned marginally on fulfilled orders.
- Headquarters Perth, Australia
- Founders Dirk Butter
- Stage Acquired
- SectorsAgricultureRetail
- Email••••••••
- Website farmsave.com
- Social X Facebook
- Acquired by FBN (Jul 2020)
Funding Insights of Farmsave
Farmsave has successfully raised a total of $40K through 1 strategic funding round. The most recent funding activity was a Seed round of $40 thousand completed in April 2017. 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 $40,000
- Total Rounds 1
- Last Round Seed — $40,000
- First Round $40,000
(Apr 2017)
- Investors Count 1
All 1 funding rounds of Farmsave 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 |
|---|---|---|---|---|---|
| Apr 2017 | $40,000 | Seed | – | muru-D | – |
2 investors in total: 2 institutional.
Investors in Farmsave
Farmsave has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include FBN and muru-D.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
muru-D is operated as Telstra's hub for digital innovation and incubation. | muru-d.com | Australia | ||
Provider of farmers networking platform | 2014 | fbn.com | San Carlos, United States |
Investor details for Farmsave
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People of Farmsave
1 people are tracked at Farmsave (1 in leadership).
| Name | Role | Group |
|---|---|---|
Dirk Butter | Co-Founder | Leadership |
Complete people profiles for Farmsave
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Timeline of Farmsave
3 dated milestones of Farmsave across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Farmsave is founded.
- Funding First funding round of $40K.
- Exit Acquired by FBN.
Competitors of Farmsave
Farmsave has 3 listed competitors in our database. They include AgDraft, Grain Brokers Australia and Clear Grain.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| agdraft.com.au | 2018 | Sydney, Australia | An online platform connecting agriculture workers and farmers for efficient collaboration. | |||
| grainbrokers.com.au | 2007 | Perth, Australia | Assists farmers with grain marketing strategies to achieve top 10% prices. | |||
| cleargrain.com.au | 2008 | Melbourne, Australia | Operates a digital hub for grain trading and market connections. |
Detailed competitors of Farmsave
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Frequently Asked Questions about Farmsave
Farmsave was founded in 2006 and raised its 1st funding round 11 years after it was founded.
Farmsave is headquartered in Perth, Australia. It is registered at Perth, Western Australia, Australia.
Farmsave is a funded company, having raised a total of $40K across 1 funding round to date. The company's 1st funding round was a Seed of $40K, raised on Apr 2017.
Founded in 2006 in Perth, Australia, Farmsave operates within the agricultural sector as a marketplace for broadacre agrochemicals. Orders are placed by farmers for specific brands and quantities, which are then aggregated. Negotiations occur with suppliers and dealers to secure discounted pricing. Deliveries are made to rural depots near order clusters, allowing buyers to collect their products. Commissions are earned marginally on fulfilled orders.
Farmsave's top competitors include AgDraft, Grain Brokers Australia and Clear Grain.
Yes. Farmsave was acquired by FBN in July 2020.