# Farmitoo

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

- Industry: Internet
- Headquarters: Paris, France
- Website: www.farmitoo.com
- Total disclosed funding: $10M
- Latest round: Series A (Jul 9, 2021)
- Investors on record: 3

## About

Farmitoo SAS is an innovative online marketplace dedicated to providing agricultural solutions, enhancing accessibility for farmers and gardening enthusiasts across Europe.Farmitoo SAS specializes in the agricultural sector, focusing on enhancing the accessibility of farming solutions. The company was founded in 2018 and is headquartered in Paris, France. It was established by Denis Fayolle, Grégoire Casoetto, and Mathilde Lefrançois, who have backgrounds in entrepreneurship. Farmitoo has successfully raised EUR 6.000 mn in Series A funding led by Ventech on July 9, 2021, with total capital raised amounting to EUR 6.000 mn. The firm has completed three deals in total, indicating its steady progress in the market, and has a current valuation of EUR 21.861 mn.Farmitoo SAS offers a wide range of agricultural products and services through its online marketplace. The company provides a variety of resources tailored for farmers and gardening enthusiasts, including specialized tools, equipment, and educational content designed to improve agricultural practices. Their offerings focus on addressing the specific needs of their customers, which include individual farmers, gardening professionals, and contractors, aiming to enhance productivity and sustainability in their agricultural endeavors.In the most recent fiscal year, Farmitoo SAS reported a revenue of EUR 3,251,844.90, generated primarily through direct-to-consumer sales and partnerships with retail outlets. The company's revenue streams include subscriptions for exclusive content and collaborations with wholesalers and retailers to distribute its flagship products, which enhance various agricultural tasks and practices.Following the Series A funding round on July 9, 2021, Farmitoo SAS plans to utilize the EUR 6.000 mn raised to further expand its online marketplace in the agricultural sector. The company aims to continue designing and launching new products tailored for farmers and gardening enthusiasts, enhancing their offerings in existing European markets while exploring potential entry into new geographic regions. This strategic growth initiative is aimed at improving accessibility to agricultural resources, ultimately supporting the evolving needs of their clientele.

## Funding rounds

- Series A, Jul 9, 2021, $7.1M — Ventech, Bpifrance Investissement Régions, IXO Private Equity
- Series A, May 28, 2020, $1.7M — Bpifrance Investissement Régions
- Seed, Jun 8, 2018, $1.2M — Bpifrance Investissement Régions

## Investors

- Bpifrance Investissement Régions (https://capitalatlas.ai/funds/bpifrance-investissement-regions) — Seed, Series A
- Ventech (https://capitalatlas.ai/funds/ventech) — Series A
- IXO Private Equity (https://capitalatlas.ai/funds/ixo-private-equity) — Series A