7 years ago

Farmdrop Secures £10M to Deliver Fresh Produce and Fairer Deals

  • Farmdrop, a UK-based online grocery platform, has raised £10 million in a Series B funding round led by LGT Impact Ventures and Belltown Ventures, with participation from existing investor Atomico

  • The company connects consumers directly with farmers and producers, offering fresher produce and a fairer deal for farmers

  • The funding will be used to support Farmdrop's expansion in the UK.

      • ProblemRetail

      "The dominance of large supermarkets has put downward pressure on farm gate prices, forcing farmers to focus on yields and durability over taste and quality."

      Solution

      "Farmdrop is an online grocery platform that connects consumers directly with farmers, providing a more equitable share of the retail price to producers and offering consumers fresher, higher quality produce."

      Covered on