About Patch Plants
Patch Plants is a company based in London (United Kingdom) founded in 2018 was acquired by Arena Flowers in January 2023. It operates as a Direct-to-Consumer (D2C), and B2B2C. Patch Plants has raised $2.97 million across 3 funding rounds from investors including Arena Flowers, Greater London Investment Fund and Octopus Ventures. The company has 16 employees as of April 30, 2024. Patch Plants offers products and services including Indoor Plants, Outdoor Plants, and Plant Pots. Patch Plants operates in a competitive market with competitors including YouGarden, Bloombox Club, Lazy Flora, Grow Tropicals and The Stem, among others.
- Headquarter London, United Kingdom
- Employees 16 as on 30 Apr, 2024
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Sectors
AgricultureConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Patch Gardens Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.97 M (USD)
in 3 rounds
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Latest Funding Round
$1.36 M (USD), Debt – Conventional
Feb 18, 2022
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Investors
Arena Flowers
& 2 more
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Employee Count
16
as on Apr 30, 2024
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Acquired by
Arena Flowers
(Jan 13, 2023)
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Products & Services of Patch Plants
Patch Plants offers a comprehensive portfolio of products and services, including Indoor Plants, Outdoor Plants, and Plant Pots. 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.
Indoor plants are offered for home decoration purposes.
Outdoor plants are provided for garden and patio spaces.
Plant pots are sold for indoor and outdoor use.
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Funding Insights of Patch Plants
Patch Plants has successfully raised a total of $2.97M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.36 million completed in February 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 3
- Last Round Debt – Conventional — $1.4M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Debt – Conventional - Patch Plants | Valuation |
investors |
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| Oct, 2019 | Amount | Series A - Patch Plants | Valuation |
investors |
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| Jul, 2018 | Amount | Seed - Patch Plants | Valuation | Octopus Ventures |
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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 Patch Plants
Patch Plants has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Arena Flowers, Greater London Investment Fund and Octopus Ventures. 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 investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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A fund of funds focused on driving economic growth through investments.
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Founded Year | Domain | Location | |
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Online delivery of flowers and gifts is facilitated worldwide.
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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 Patch Plants
| 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 - Patch Plants
| 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 |
Patch Plants Comparisons
Competitors of Patch Plants
Patch Plants 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 YouGarden, Bloombox Club, Lazy Flora, Grow Tropicals and The Stem, 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 |
Online retail of garden inputs
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| domain | founded_year | HQ Location |
Small plants are retailed via online subscriptions by Bloombox Club.
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| domain | founded_year | HQ Location |
Garden supplies are delivered via an online subscription service.
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| domain | founded_year | HQ Location |
Indoor plants and accessories are retailed online to customers.
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| domain | founded_year | HQ Location |
Ornamental plants and accessories are retailed online.
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| domain | founded_year | HQ Location |
An online platform is operated for ornamental plants in homes.
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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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Latest news on Patch Plants
Frequently Asked Questions about Patch Plants
When was Patch Plants founded?
Patch Plants was founded in 2018.
Where is Patch Plants located?
Patch Plants is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Patch Plants a funded company?
Patch Plants is a funded company, having raised a total of $2.97M across 3 funding rounds to date.
How many employees does Patch Plants have?
As of Apr 30, 2024, the latest employee count at Patch Plants is 16.
What does Patch Plants do?
Patch Plants is involved in the online retail of indoor and outdoor plants, catering to both individual customers and businesses across the UK. A wide range of plants, including unkillable varieties, succulents, ferns, and trees, are offered alongside plant pots and care accessories. Solutions for home decoration and office greening are provided, supported by delivery services and plant care guidance. The company focuses on quality by sourcing directly from growers and serves various sectors including home, garden, and corporate environments.
Who are the top competitors of Patch Plants?
Patch Plants's top competitors include YouGarden, Bloombox Club and Lazy Flora.
What products or services does Patch Plants offer?
Patch Plants offers Indoor Plants, Outdoor Plants, and Plant Pots.
Who are Patch Plants's investors?
Patch Plants has 3 investors. Key investors include Arena Flowers, Greater London Investment Fund, and Octopus Ventures.