Agricool is a technology company.
Agricool has raised $41.0M across 3 funding rounds.
Agricool has raised $41.0M in total across 3 funding rounds.
Agricool has raised $41.0M in total across 3 funding rounds.
Agricool's investors include Daphni, 50 Partners, Brewer Lane Ventures, C2 Investment, Coatue, Collaborative Seed & Growth Partners, DNX Ventures, Drummond Road Capital, eFounders, Electric Capital, Felicis Ventures, First Round Capital.
Agricool is a vertical farming startup founded in 2015 that converts repurposed shipping containers into high-tech urban farms producing local, pesticide-free fruits and vegetables.[1][2] It serves urban consumers, grocery stores, and restaurants by solving key problems in traditional agriculture, such as long-distance transportation costs, high pesticide use, environmental impact from supply chains, and limited access to fresh produce in cities.[1][2] Agricool's hydroponic systems enable year-round production with 120 times greater productivity than conventional farming, over 90% water savings, and full reliance on renewable energy, while minimizing carbon footprints through localized growing.[2] The company has raised over $20M in funding and operates farms in Paris and Dubai, demonstrating strong early growth momentum toward global expansion.[1][4]
Agricool was founded in 2015 by Guillaume Fourdinier and Gonzague Gru, driven by a mission to make tasty, pesticide-free fruits and vegetables accessible to everyone in urban areas.[2] The idea emerged from recognizing urban food supply challenges, leading the founders to pioneer shipping container-based urban farming with controlled-environment agriculture (CEA).[1][2] Early traction included setting up hydroponic container farms in Paris, where they grow strawberries, and expanding to Dubai; a pivotal moment came in 2018 with a €25M funding round to scale operations in these locations.[4] The company has since collaborated with firms like Agritecture for product validation and expansion planning in France.[3]
Agricool stands out in the agtech space through its innovative, scalable urban farming model:
These features position Agricool ahead of conventional farming and many indoor peers in sustainability and speed-to-market.[3]
Agricool rides the urban agriculture and CEA wave, addressing global food security amid urbanization (over 55% of people live in cities) and climate-driven supply disruptions.[1][2] Timing is ideal with rising demand for sustainable, local food post-2020s supply chain shocks and sustainability mandates, fueled by market forces like water scarcity, arable land loss, and consumer preference for low-carbon produce.[2] By proving container farms' viability in Paris and Dubai, Agricool influences the ecosystem, inspiring agtech scaling (e.g., via 2018's €25M raise) and validating modular farming for replicability worldwide.[4] It contributes to the shift toward regenerative agtech, potentially feeding billions through efficient, city-integrated production.[2]
Agricool is poised to expand beyond strawberries to diverse fruits and vegetables, targeting global urban markets with its proven container model and tech efficiencies.[2] Key trends like AI-optimized CEA, renewable integration, and policy support for local food systems will accelerate growth, though scaling costs and competition from larger vertical farm players pose risks.[1][4] Its influence may evolve from pioneer to ecosystem leader, enabling widespread urban farming adoption and reshaping city food supplies—echoing its founding vision of pesticide-free abundance for all.[2]
Agricool has raised $41.0M across 3 funding rounds. Most recently, it raised $28.0M Series B in December 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2018 | $28.0M Series B | Daphni | |
| Jul 1, 2017 | $9.0M Series A | 50 Partners, Brewer Lane Ventures, C2 Investment, Coatue, Collaborative Seed & Growth Partners, Daphni, DNX Ventures, Drummond Road Capital, eFounders, Electric Capital, Felicis Ventures, First Round Capital, Highbury Group, Index Ventures, LGF, LombardStreet Ventures, New Stack Ventures, Otherwise Fund, Sherpalo Ventures, Shine Capital, The Hit Forge, Third Kind Ventures, White Star Capital, Christian Reber, Elad Gil, J.D. Fagan, Matt Macinnis, Mike Vernal, Scott Belsky, Thibault Poutrel | |
| Nov 1, 2016 | $4.0M Seed | Daphni |