# Farm Friend

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/farm-friend

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.farmfriend.cn
- Total disclosed funding: $8.3M
- Latest round: Series A (Jun 6, 2017)
- Investors on record: 5

## About

Based in China, Farm Friend functions as an innovative agricultural technology company, specializing in providing solutions that enhance farm productivity and sustainability for local farmers.Farm Friend, founded in 2016 and headquartered in Beijing, China, operates in the agricultural technology sector. The company was established by a team including Fanqi Meng and Yang Yu. In January 2018, Farm Friend secured a Series A funding round led by Gobi Partners, raising CNY 50.000 mn, with participation from Jiyuan Capital, Shunwei Capital Partners, Yunqi Partners, and ZhenFund, bringing the total amount raised to CNY 50.000 mn. The company has completed four deals to date, with the most recent deal occurring on January 9, 2018.Farm Friend specializes in providing advanced agricultural solutions designed to increase farm efficiency and yield. Their offerings include precision farming tools, data analytics services, and innovative farming techniques that cater to the diverse needs of farmers aiming to optimize their agricultural practices.Farm Friend generates revenue through various channels including partnerships with agricultural organizations and subscription models for access to specialized services. Their revenue structure may encompass tiered subscription plans for farmers, enabling them to access tailored agricultural insights and tools, alongside income from sponsored collaborations with agricultural stakeholders.Looking ahead, Farm Friend aims to launch several new agricultural solutions aimed at enhancing crop monitoring and management by the end of 2023. The company plans to expand its operations into Southeast Asian markets, targeting Thailand and Vietnam for growth opportunities by 2024. The funding from the recent Series A round will be utilized to support these initiatives, facilitating product development and market entry strategies as the company seeks to strengthen its presence in the agricultural technology landscape.

## Funding rounds

- Series A, Jun 6, 2017, $7.3M — Gobi Partners, Shunwei Capital, ZhenFund, Yunqi Partners, Jiyuan Capital
- Angel, May 15, 2016, $1M — Shunwei Capital

## Investors

- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Angel, Series A
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series A
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A
- Yunqi Partners (https://capitalatlas.ai/funds/yunqi-partners) — Series A
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A