What is Farmigo?
Farmigo is a pioneering company dedicated to creating a more equitable and sustainable food system, connecting local farmers directly with consumers. The company facilitates a farm-to-neighborhood model, making fresh, high-quality produce and artisanal goods more accessible while reducing waste and supporting small-scale agricultural businesses. Farmigo's operations, initially focused on Community Supported Agriculture (CSA) technology for hundreds of farms, have expanded to key regions including New York, New Jersey, Northern California, and Seattle-Tacoma. As a certified Benefit Corporation (B Corp), Farmigo demonstrates a commitment to social and environmental responsibility alongside its business objectives.
How much funding has Farmigo raised?
Farmigo has raised a total of $10M across 2 funding rounds:
Series A
$2M
Series B
$8M
Series A (2009): $2M with participation from Benchmark Capital
Series B (2012): $8M led by Sherbrooke Capital, RSF Social Finance, and Benchmark Capital
Key Investors in Farmigo
Sherbrooke Capital
Sherbrooke Capital is a venture capital firm specializing in providing growth and expansion capital to emerging companies within the Healthy, Active, and Sustainable Living market. They focus on businesses that inspire consumers and have a strong track record in the sector.
RSF Social Finance
RSF Social Finance is a non-profit organization that mobilizes capital for social good, offering investment notes, donor-advised funds, and loans to support initiatives in food and agriculture, climate and energy, education, and community impact.
Benchmark Capital
Benchmark Capital is a prominent venture capital firm known for investing in early-stage technology companies. They have a history of backing transformative businesses across various sectors.
What's next for Farmigo?
The recent major strategic investment signals Farmigo's readiness for accelerated growth and market expansion. This capital infusion is expected to bolster the company's operational capabilities, enhance its technological infrastructure, and potentially broaden its geographic reach. Farmigo's established presence as a B Corp positions it to attract further investment from entities prioritizing impact alongside financial returns, reinforcing its mission to revolutionize food distribution and consumption.
See full Farmigo company page
