Farmdrop provides a platform for people to buy groceries from local producers online. The Company offers bundles, fruit and vegetables, meat, fish, dairy products and eggs, bakery products, larder products, deli and fridge products, drinks, as well as household products.

Type
Private
HQ
London, GB
Founded
2012
Size (employees)
86 (est)+3%
FarmDrop was founded in 2012 and is headquartered in London, GB
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Key People/Management at FarmDrop

Ben Pugh

Ben Pugh

Founder & CEO
Gemma Matthews

Gemma Matthews

Operations
Sven Poppelmann

Sven Poppelmann

Tech
Phil Eaves

Phil Eaves

Operations
Myles Cowper-Coles

Myles Cowper-Coles

Tech
Tom Boucher

Tom Boucher

Product
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FarmDrop Office Locations

FarmDrop has offices in Bristol, Greater London and London
London, GB (HQ)
100 Clements Road
Greater London, GB
Biscuit Factory 100 Drummond Rd
Greater London, GB
10-39 Bombay St
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FarmDrop Financials and Metrics

Summary Metrics

Founding Date

2012

Total Funding

$14.9 m

Latest funding size

$9.26 m

Time since last funding

a year ago

Investors

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

FarmDrop Financials

FarmDrop's revenue was reported to be £2.12 m in FY, 2017
GBP

Revenue (FY, 2017)

2.1 m

Gross profit (FY, 2017)

210.6 k

Gross profit margin (FY, 2017), %

9.9%

Net income (FY, 2017)

(3.9 m)

EBITDA (FY, 2017)

(3.9 m)

EBIT (FY, 2017)

(3.9 m)

Cash (30-Jun-2017)

4.5 m
GBPFY, 2016FY, 2017

Revenue

481.5 k2.1 m

Cost of goods sold

497 k1.9 m

Gross profit

(15.5 k)210.6 k

Gross profit Margin, %

(3%)10%
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

42.4 k38.3 k84 k1.4 m4.5 m

Accounts Receivable

11.7 k8 k18.2 k94.5 k

Inventories

14.1 k57.5 k

Current Assets

54.1 k46.3 k105.7 k1.6 m4.7 m
GBPFY, 2016FY, 2017

Net Income

(2 m)(3.9 m)

Cash From Operating Activities

(1.9 m)(3.7 m)

Cash From Financing Activities

3.3 m6.9 m

Net Change in Cash

1.3 m3.1 m
GBPY, 2017

Revenue/Employee

45.5 k

Financial Leverage

1.1 x
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FarmDrop Operating Metrics

FarmDrop's Users was reported to be 30 k in Mar, 2017.
May, 2015Dec, 2015Apr, 2016Mar, 2017

Suppliers

37 70 80

Users

30 k
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