FarmDrop

Your online farmers market: Farmdrop represents a new economic approach to food retailing whereby the benefits of cutting out the middlemen are shared between customers who enjoy fresher, healthier food at lower prices, and smaller scale producers who enjoy best-ever trading terms. Our mission is to Fix The Food Chain, something we plan to do by providing Londoners with their best food retail experience in 2016 before scaling further afield in 2017. Our supporters include London foodies Gizzi Erskine and Tommi Miers, we work closely with the Soil Association and have been backed by the entrepreneurs behind Asos, Love Film, Zoopla, and Street Car. We’re a dynamic, friendly and people-focussed team that is expanding fast, working out of our hub and office in Bermondsey. We are passionate about using technology to fix the food-chain and getting a great deal for the farmer. We bring together people who really care about what they eat and how it’s produced.

Company Growth (employees)

Type

Private

London, GB

Founded

2012

Size (employees)

70 (est)+7%

Website

farmdrop.com

FarmDrop was founded in 2012 and is headquartered in London, GB

FarmDrop Office Locations

FarmDrop has offices in London, Mobile and Bristol

London, GB (HQ)

100 Drummond Rd

FarmDrop Data and Metrics

Summary Metrics

Founding Date	2012
Total Funding	$14.9 m
Latest funding size	$9.3 m
Time since last funding	3 months
Investors	JamJar Investments, Atomico, Nigel Wray, Alex Chesterman, Quentin Griffiths, Crowdcube, Jon Reynolds

FarmDrop's latest funding round in April 2017 was reported to be $9.3 m. In total, FarmDrop has raised $14.9 m

FarmDrop Financial Metrics

Summary

GBP

Balance Sheet

GBP	FY, 2014	FY, 2015	FY, 2016
Cash	38.3 k	84 k	1.4 m
Accounts Receivable	8 k	18.2 k	94.5 k
Current Assets	46.3 k	105.7 k	1.6 m
PP&E	19.1 k	8.8 k	40.5 k
Goodwill	1.1 k	8.3 k	13.6 k
Total Assets	66.5 k	122.8 k	1.6 m
Accounts Payable	48.3 k	32.4 k	214.5 k
Current Liabilities	48.3 k	32.4 k	214.5 k
Total Liabilities	48.3 k	32.4 k	214.5 k
Total Equity	18.2 k	90.4 k	1.4 m
Financial Leverage	3.7 x	1.4 x	1.2 x