Farmigo Raises $8M in Series B Financing

Farmigo, an online farmer’s market, has raised $8m in Series B financing.

The round was led by Sherbrooke Capital and RSF Social Finance, with participation from existing investor Benchmark Capital.

Founded in 2009 by chief executive officer Benzi Ronen, Farmigo connects communities (such as workplaces, schools and community centers) to local farms in 25 states to provide a personalized online marketplace for local, fresh food. Members of each food community can pick and choose their preferred items, and then receive their orders weekly to their food community site within 48 hours of harvest.
The first communities are rolling out in San Francisco and New York (including Etsy, a Brooklyn-based handmade and vintage marketplace, Kiva, a San Francisco-based non-profit organization that connects people through lending to alleviate poverty, Carrot Creative, a new media marketing agency located in the Dumbo neighborhood of Brooklyn, N.Y.) with Los Angeles, Seattle, Portland, Denver, Chicago and Philadelphia soon to follow.

Farmigo recently became a certified B Corporation, which reinforces its commitment to creating value for its stakeholders, including customers, suppliers, employees and shareholders.



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