# Farmdrop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/farmdrop

- Industry: Internet
- Headquarters: London, UK
- Website: www.farmdrop.com
- Total disclosed funding: $41M
- Latest round: Series C (Feb 4, 2020)
- Investors on record: 5

## About

Farmdrop Limited connects consumers directly with local farmers, providing fresh, organic produce through an online marketplace. Their platform emphasizes sustainable food sourcing and supports local agriculture by delivering high-quality food products directly to customers.Farmdrop Limited, founded in 2012 and headquartered in London, UK, operated as an online marketplace linking consumers with local farmers and producers. The company was aimed at promoting sustainable food sourcing and reducing food waste. In December 2021, Farmdrop Limited discontinued their operations, marking a significant shift in their business strategy. The company received a total funding of GBP 6.000 mn throughout its journey, with the latest funding round being Series C, which raised GBP 6.000 mn from Wheatsheaf Group, valuing the company at GBP 24.852 mn.Farmdrop Limited provided an online platform that allowed consumers to order fresh, organic produce directly from local farmers. The service ensured that customers had access to high-quality food items, emphasizing sustainability and supporting local agriculture. Their product range included various fresh produce options tailored to customers seeking organic and locally-sourced foods, aligning with growing trends in health-conscious eating and sustainability.Farmdrop Limited generated revenue through its online sales model, facilitating direct transactions between consumers and local producers. The company focused on providing an engaging shopping experience for customers interested in organic and sustainable food options, although specific pricing details were not publicly disclosed. The revenue model capitalized on the increasing demand for fresh, locally-sourced ingredients.In December 2021, Farmdrop Limited announced the discontinuation of their operations, effectively halting any future growth plans or strategies for product launches or geographic expansions. Prior to this decision, no specific plans for new products or market entries were outlined, reflecting a pivotal change in the company's trajectory.

## Funding rounds

- Series C, Feb 4, 2020, $7.7M — Wheatsheaf Group
- Series B, Jul 31, 2019, $6.1M — Wheatsheaf Group, Impact Ventures
- Series B, Jun 19, 2018, $18M — Atomico, Lightrock, Belltown Ventures
- Series A, Feb 17, 2017, $8.7M — Atomico

## Investors

- Atomico (https://capitalatlas.ai/funds/atomico) — Series A, Series B
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series B
- Belltown Ventures — Series B
- Wheatsheaf Group (https://capitalatlas.ai/funds/wheatsheaf-group) — Series B, Series C
- Impact Ventures — Series B