Farmdrop picks up £10M Series B

INSUBCONTINENT EXCLUSIVE:
New investors in this Series B round include LGT Impact Ventures (described as a growth equity investor that invests in businesses making a
positive contribution to society), and Belltown Ventures, a renewable energy investment specialist with an interest in agricultural
technology
service that let you order groceries online from farmer-producers to pick up at a local collection point
However, the company has since pivoted to door-to-door delivery but with the same basic idea of a marketplace that bypasses the mass
supermarkets
It claims to give consumers much fresher produce, and farmer-producers a more generous share of the retail price
meat, dairy, fish, organic fruit and veg, plus household supplies and larder items
expansion after the successful launch of a second hub in Bristol and Bath in September 2017, in addition to London
from a more ethical/sustainable supply chain (Farmdrop also uses electric vans for the last few miles of delivery)
By creating a direct route to market for farmers, Farmdrop is helping to create a healthier and more efficient supply chain