Farmy, a Switzerland-based organic grocery marketplace backed by bakery supplies provider Pistor, has raised €9.2m ($10.9m) in a round led by impact unit Triodos Organic Growth Fund, EU-Startups reported yesterday.
The round also featured new and existing private investors including Thomas Harttung, who is joining the company’s board of directors with Isabelle Laurencin and Dominique Loche, while Pistor’s head of corporate finance, David Schmid, is stepping down along with Martin Jucker.
Founded in 2014, Farmy runs an online grocery store that distributes fresh produce from organic farms and independent bakeries through its logistics network along with packaged foods and pharmacy items. The funding will help it increase delivery, warehouse and marketing capacity.
The company received an undisclosed amount of seed funding from Tenderloin Ventures and angel investor Adrian Bührer in 2014 before Pistor invested an undisclosed sum two years later. Private investors Ruedi Noser and Fabio Borzatta subsequently added another $5.2m in 2017.