Farmstead, a San Francisco, CA-based AI-powered digital micro-grocer, raised $2.8m in seed funding.
Backers included Resolute Ventures, Social Capital, Y Combinator, and Joe Montana’s Liquid 2 Ventures.
Led by CEO and co-founder Pradeep Elankumaran, Farmstead is an AI-powered digital micro-grocer that sources and delivers local food from farm-to-fridge in 60 minutes. Founded just 12 months ago, Farmstead has completed over 15,000 deliveries to thousands of Bay Area customers.
Using proprietary software, customers can select items from a curated array of local farm produce and grocery products. After just one order, Farmstead’s AI calculates and predicts users’ habits to know exactly how much food to order from local sources daily, weekly, seasonally and annually, reducing food waste substantially.
By stocking a constellation of micro-warehouses in the Bay Area with just the right amount of local, minimally-packaged foods, Farmstead delivery drivers are algorithmically routed to use the most efficient, traffic-free, eco-friendly routes, resulting in less congestion.