Farmstead
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Farmstead - overview
Established
2016
Location
Burlingame, CA, US
Primary Industry
Internet
About
Based in California, US, and founded in 2016 by co-founder and CEO Pradeep Elankumaran, Lush, Inc. , d. b. a.
Farmstead, is an online retailer that streamlines grocery shopping through its smart-buying AI (artificial intelligence) technology, which minimizes food waste and reduces costs for customers. Farmstead partners with local farmers and national distributors to provide fresh produce and national brands. In October 2021, Lush, Inc. raised USD 19.
42 million in a Series B funding round. The Series B funding values Lush, Inc. at 132. 7 million post-money.
Farmstead offers an online grocery delivery platform that provides access to both local and national brands. The platform allows customers to order a variety of groceries, including fresh produce and other household items, which are hand-selected at micro-hubs. The company uses AI technology to optimize inventory management, reducing food waste by stocking only what is needed for customer orders.
Current Investors
Y Combinator, Social Capital, Resolute Ventures
Primary Industry
Internet
Sub Industries
Courier & Delivery Services, Supermarkets & Grocery Stores, Web Applications
Verticals
Artificial Intelligence, E-commerce, Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Farmstead - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.