Agricool
Agricool offers healthy and locally produced fruits and vegetables in urban areas through highly efficient vertical farming solutions
http://www.agricool.co
Activity
Agritech
Stage at investment
Seed & Pre-Series A
Employees
30
What is Agricool?
We grow food where you live. We transform containers to grow food in the city without pesticides. Harvested and eaten the same day.
Business and value proposition
Agricool wanted to offer healthy & locally-produced fruits and vegetables to citizens around the world. Its vision: the number of intermediaries between producers and consumers is way too high and the quality of most products is poor because of logistics constraints (the localization of production is too far from the consumption spot). The objective of Agricool was to make fruits and vegetables (strawberries, herbs, greens as their first products) grow in urban areas or suburban areas. The company started the distribution of its products under the brand Agricool through indirect sales (Monoprix, Carrefour...).
Why we invested ?
To start with, the agricultural market naturally poses great innovation opportunities as it is enormous in size, but plagued by many inefficiencies. Not only is it characterized by fragmented players and many intermediaries constituting the value chain, but customers are also very far away from the producers. On top of this, the market has barely seen any innovation on the production side. No players within fruits and vegetables have managed to create a massive and relatable brand, and customers struggle to enjoy high quality products. The reason why Agricool caught our attention is because the team successfully manages to bring disruption to all parts of the value chain. By transforming containers into closed-loop farming systems, they can offer local, high quality produce in urban areas and do so without adding any toxic pesticides. More than this, Agricool relies on strong R&D to continuously improve productivity and create a profitable model where customers can enjoy tasty and fresh high quality produce from a brand truly caring about changing the customer experience. Last but not least, Agricool is a multi channel distribution brand, selling its products directly to customers and retailers.
The story behind Agricool
Geographical footprint
Team of Agricool
daphni team in charge