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myfood

Company | France
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    myfood came to life as a startup after three young French entrepreneurs, who are passionate about food, gardening and open source technologies decided to team up in 2015.  In what can be described as the first smart food production greenhouse for people, these three young men have effectively combined permaculture with vertical aquaponics (an ancient approach to vegetables and fish growth), & a smart monitoring system.

      From the sales revenue raked in from the first day, and from testing with real clients on-site, the running-in procedure of myfood’s business model was initiated. Today, myfood has put out close to a hundred greenhouses throughout Europe, and has begun exporting to other locations like Canada, Africa, Asia and the Middle-East.

    At about 90% completion rate, the product development for the main portfolio is almost nearing its completion.  And with their entry into the industrialization phase, the brand has started to scale and automate operations. The team closed a 1.2M€ seed funding round mid-2017 and began an official European launch in 2018.  Having reached 100k€ in 2016; 400k€ in 2017, the targeted sales target of myfood for the year 2018 is set at 1M€.  And in 2019, a 5M€ series A funding round is set to be achieved, in order to up the business development process.

    With a simple vision of making safe and sustainable food production possible for all and sundry, myfood is hopeful of becoming the European reference in Urban Agriculture.
 

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