# Farmstead

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

- Industry: Internet
- Headquarters: Burlingame, US
- Total disclosed funding: $15M
- Latest round: Series A (Nov 18, 2020)
- Investors on record: 13

## About

Based in California, US, and founded in 2016 by co-founder and CEO Pradeep Elankumaran, Lush, Inc., d.b.a. Farmstead, is an online retailer that streamlines grocery shopping through its smart-buying AI (artificial intelligence) technology, which minimizes food waste and reduces costs for customers. Farmstead partners with local farmers and national distributors to provide fresh produce and national brands. In October 2021, Lush, Inc. raised USD 19.42 million in a Series B funding round. The Series B funding values Lush, Inc. at 132.7 million post-money.

Farmstead offers an online grocery delivery platform that provides access to both local and national brands. The platform allows customers to order a variety of groceries, including fresh produce and other household items, which are hand-selected at micro-hubs. The company uses AI technology to optimize inventory management, reducing food waste by stocking only what is needed for customer orders.

## Funding rounds

- Series A, Nov 18, 2020, $7.9M — Y Combinator, Gelt Venture Capital, Red Dog Capital, Maple VC, Heron Rock Fund, Aidenlair Capital, Duro Ventures, 19York
- Seed, Dec 6, 2018, $2.2M — ARTIS Ventures, Y Combinator, Resolute Ventures, Red Dog Capital
- Seed, Mar 15, 2018, $2M — SV Angel, Y Combinator, Social Capital, Resolute Ventures
- Seed, Oct 5, 2017, $2.8M — Y Combinator, Social Capital, Resolute Ventures, Liquid 2 Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- ARTIS Ventures (https://capitalatlas.ai/funds/artis-ventures) — Seed
- Red Dog Capital (https://capitalatlas.ai/funds/red-dog-capital) — Seed, Series A
- Gelt Venture Capital (https://capitalatlas.ai/funds/gelt-venture-capital) — Series A
- Maple VC (https://capitalatlas.ai/funds/maple-vc) — Series A
- Heron Rock Fund (https://capitalatlas.ai/funds/heron-rock-fund) — Series A
- Aidenlair Capital (https://capitalatlas.ai/funds/aidenlair-capital) — Series A
- Duro Ventures (https://capitalatlas.ai/funds/duro-ventures) — Series A
- 19York (https://capitalatlas.ai/funds/19york) — Series A