Tech Company Financing Transactions
Farmstead Funding Round
Farmstead, based in San Mateo, secured $2 million in funding from Resolute Ventures, Social Capital and SV Angel.
Transaction Overview
Company Name
Announced On
3/20/2018
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Undisclosed
Investors
Resolute Ventures (Lead Investor) (Michael Hirshland)
Social Capital (Lead Investor)
Proceeds Purpose
Farmstead will use the new funds to scale operations of its rapidly growing AI grocery sourcing and delivery service, continue building out its core AI technology, accelerate hiring, and expand its service well beyond the Bay Area.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
2121 Harrison St.
San Mateo, CA 94110
USA
San Mateo, CA 94110
USA
Phone
Undisclosed
Website
Email Address
Overview
With Farmstead, there are no stores, no lines, no parking lots, and no we ran out of the milk you buy. Order online by 5PM and we bring everything in insulated bags to your doorstep that same day, at the same prices as the store. Additionally, you can setup a super-flexible weekly order, and we bring you just what you need once a week with free delivery.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Pradeep Elankumaran
Browse more venture capital transactions:
Prev: 3/19/2018: Endor venture capital transaction
Next: 3/20/2018: InstantLabs venture capital transaction
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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