About FruitCast
FruitCast is a company based in Lincoln (United Kingdom) founded in 2021.. FruitCast has raised $3.96 million across 3 funding rounds from investors including UK Research and Innovation and Ceres Agri-Tech. FruitCast offers products and services including Yield Forecasting, AI Agronomist, Simple Farm Management, and Auto Reporting. FruitCast operates in a competitive market with competitors including Vivid Machines, Farm Vision, Green Growth, B-hive and Yield Computer, among others.
- Headquarter Lincoln, United Kingdom
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Sectors
Agriculture
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Phone
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Website
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Social
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- Legal Name Fruitcast Limited
- Date of Incorporation 20 Aug, 2021
- Jurisdiction LINCOLN, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.96 M (USD)
in 3 rounds
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Latest Funding Round
$442.81 K (USD), Series A
Jun 27, 2024
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Investors
UK Research and Innovation
& 1 more
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Employee Count
Employee Count
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Products & Services of FruitCast
FruitCast offers a comprehensive portfolio of products and services, including Yield Forecasting, AI Agronomist, Simple Farm Management, and Auto Reporting. 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.
Uses AI to predict crop yields for better harvest decisions.
Interactive agent for analyzing farm data and providing insights.
Streamlines farm operations for efficient monitoring and coordination.
Generates real-time reports from farm data for quick decisions.
Funding Insights of FruitCast
FruitCast has successfully raised a total of $3.96M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $442.81 thousand completed in June 2024. 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 3
- Last Round Series A — $442,813
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - FruitCast | Valuation |
investors |
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| Aug, 2023 | Amount | Series A - FruitCast | Valuation | UK Research and Innovation | |
| Jun, 2022 | Amount | Seed - FruitCast | Valuation |
investors |
| 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 FruitCast
FruitCast has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include UK Research and Innovation and Ceres Agri-Tech. 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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Ceres Agri-Tech is focused on translating agri-tech innovations to market.
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Founded Year | Domain | Location | |
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Research and innovation funding is managed for UK advancement.
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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 FruitCast
| 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 - FruitCast
| 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 |
Fruitcast Comparisons
Competitors of FruitCast
FruitCast 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 Vivid Machines, Farm Vision, Green Growth, B-hive and Yield Computer, 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 |
Platform offering smart technology to help fruit and vegetable farmers optimize quality and yield
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| domain | founded_year | HQ Location |
Provider of farm produce mapping solutions for orchards
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| domain | founded_year | HQ Location |
Sensor-based yield mapping solutions are provided for agricultural data collection.
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| domain | founded_year | HQ Location |
Insights on root crops are delivered via technological field systems.
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| domain | founded_year | HQ Location |
AI-based yield prediction devices for strawberries are developed.
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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 Fruitcast
Frequently Asked Questions about FruitCast
When was FruitCast founded?
FruitCast was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is FruitCast located?
FruitCast is headquartered in Lincoln, United Kingdom.
Is FruitCast a funded company?
FruitCast is a funded company, having raised a total of $3.96M across 3 funding rounds to date.
What does FruitCast do?
FruitCast was founded in 2021 in Lincoln, United Kingdom, as a provider of AI-enabled data analytics and yield forecasting solutions within the agritech sector focused on soft fruits. Non-destructive methods are applied to assess individual fruit numbers, weights, and maturity levels in crops such as strawberries. The platform utilizes AI for accurate yield predictions and detailed data analysis to support growers in the United Kingdom and beyond.
Who are the top competitors of FruitCast?
FruitCast's top competitors include B-hive, Vivid Machines and Farm Vision.
What products or services does FruitCast offer?
FruitCast offers Yield Forecasting, AI Agronomist, Simple Farm Management, and Auto Reporting.
Who are FruitCast's investors?
FruitCast has 2 investors. Key investors include UK Research and Innovation, and Ceres Agri-Tech.