About FYTO
FYTO is a company based in Boston (United States) founded in 2019 by Jason Prapas.. FYTO has raised $15 million across 1 funding round from investors including Bolt, AgFunder and Refactor Capital. FYTO offers products and services including Fyto GrowGrid, Fyto Harvester, and Fyto ReCover Process. FYTO operates in a competitive market with competitors including Grubbly Farms, Nutrition Technologies, Beta Hatch, BioFlyTech and Loopworm, among others.
- Headquarter Boston, United States
- Founders Jason Prapas
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Sectors
ConsumerAgriculture
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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
$15 M (USD)
in 1 rounds
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Latest Funding Round
$15 M (USD), Series A
Jul 07, 2022
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Investors
Bolt
& 4 more
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Employee Count
Employee Count
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Products & Services of FYTO
FYTO offers a comprehensive portfolio of products and services, including Fyto GrowGrid, Fyto Harvester, and Fyto ReCover Process. 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.
Modular growbed for efficient nutrient recovery on farms.
Device for cultivating, monitoring, and harvesting aquatic crops.
Integration method for farms to manage and recycle nutrients.
Funding Insights of FYTO
FYTO has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Series A round of $15 million completed in July 2022. 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 Series A — $15.0M
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First Round
First Round
(07 Jul 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - FYTO | Valuation | Google Ventures |
| 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 FYTO
FYTO has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Bolt, AgFunder and Refactor Capital. 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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Venture capital fund focused on ag-tech and food-tech sectors
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across US and India.
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Founded Year | Domain | Location | |
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Investments in technology startups are made by First Star Ventures.
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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 FYTO
| 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 - FYTO
| 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 |
Fyto Comparisons
Competitors of FYTO
FYTO 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 Grubbly Farms, Nutrition Technologies, Beta Hatch, BioFlyTech and Loopworm, 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 |
Larvae are harvested for fertilizer production and animal feed.
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| domain | founded_year | HQ Location |
Provider of insect-based products for agriculture and livestock
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| domain | founded_year | HQ Location |
Integrated business for cultivation and processing of mealworm insects to supply poultry & aquaculture feed and an organic fertilizer
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| domain | founded_year | HQ Location |
Insect-based animal feeds are produced and supplied.
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| domain | founded_year | HQ Location |
Insect-based proteins and biomaterials are developed for multiple industries.
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| domain | founded_year | HQ Location |
Converts waste into animal feeds using insect-based bioconversion technology.
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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 FYTO
When was FYTO founded?
FYTO was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is FYTO located?
FYTO is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of FYTO?
Jason Prapas is the current CEO of FYTO. They have also founded this company.
Is FYTO a funded company?
FYTO is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Series A of $15M, raised on Jul 07, 2022.
What does FYTO do?
FYTO was founded in 2019 in Boston, United States, within the agritech sector. Automated cultivation and harvesting systems are provided for non-GMO crops characterized by high yields and nutrient profiles. Operations focus on producing animal feed, forage, plant-based proteins, nutritional supplements, biofertilizers, and soil amendments to support agricultural applications.
Who are the top competitors of FYTO?
FYTO's top competitors include GreenGrahi, Beta Hatch and Loopworm.
What products or services does FYTO offer?
FYTO offers Fyto GrowGrid, Fyto Harvester, and Fyto ReCover Process.
Who are FYTO's investors?
FYTO has 5 investors. Key investors include Bolt, AgFunder, Refactor Capital, First Star Ventures, and Google Ventures.