About Farmsave
Farmsave is a company based in Perth (Australia) founded in 2006 by Dirk Butter was acquired by FBN in July 2020.. Farmsave has raised $40 thousand across 1 funding round from investors including FBN and muru-D. Farmsave operates in a competitive market with competitors including Tridge, AgDraft, Grain Brokers Australia, Clear Grain and CropConnect, among others.
- Headquarter Perth, Australia
- Founders Dirk Butter
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Sectors
AgricultureRetail
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Email
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Phone
*********
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Website
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Social
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $40,000
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First Round
First Round
(07 Apr 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Seed - Farmsave | Valuation | muru-D |
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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 Farmsave
Farmsave has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include FBN and muru-D. 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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muru-D is operated as Telstra's hub for digital innovation and incubation.
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Founded Year | Domain | Location | |
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Provider of farmers networking platform
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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 Farmsave
| 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 - Farmsave
| 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 |
Farmsave Comparisons
Competitors of Farmsave
Farmsave 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 Tridge, AgDraft, Grain Brokers Australia, Clear Grain and CropConnect, 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 |
Farm products are traded via an online B2B marketplace.
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| domain | founded_year | HQ Location |
An online platform connecting agriculture workers and farmers for efficient collaboration.
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| domain | founded_year | HQ Location |
Assists farmers with grain marketing strategies to achieve top 10% prices.
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| domain | founded_year | HQ Location |
Operates a digital hub for grain trading and market connections.
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| domain | founded_year | HQ Location |
Operates a digital marketplace enabling farmers to sell warehoused grain efficiently.
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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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Frequently Asked Questions about Farmsave
When was Farmsave founded?
Farmsave was founded in 2006 and raised its 1st funding round 11 years after it was founded.
Where is Farmsave located?
Farmsave is headquartered in Perth, Australia. It is registered at Perth, Western Australia, Australia.
Is Farmsave a funded company?
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 07, 2017.
What does Farmsave do?
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.
Who are the top competitors of Farmsave?
Farmsave's top competitors include Tridge, AgDraft and Grain Brokers Australia.