Total amount raised
$16.8 Million
Latest funding date
9/1/2022
Location
Clover has participated in 5 funding rounds, with the latest being a Series B round led by IvyCap Ventures. The company has attracted a total of 5 investors, including Alteria Capital.
Keep reading to explore the intricacies of Clover's fundraising journey and the investors backing this innovative platform.
What Is Clover?
Clover is a private company based in Bengaluru, Karnataka, India, specializing in management solutions for fruit and vegetable farmers. The company operates within the Agriculture and AgTech industries.
Founded in an unspecified year, Clover has a team of 11-50 employees. The company has successfully raised funding through a Series B round, demonstrating its growth and potential in the market.
How Much Funding Has Clover Raised?
- Seed Round
- Amount Raised: USD 1,121,360
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial product offerings.
- Seed Round
- Amount Raised: USD 1,240,000
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance technological capabilities.
- Series A
- Amount Raised: USD 5,500,000
- Date: February 2020
- Lead Investors: Omnivore
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the managed farm network, enter new cities, and diversify B2B and B2C offerings.
- Debt Financing
- Amount Raised: USD 924,342
- Date: May 2020
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To reshape the supply chain for greenhouse-grown fresh produce.
- Series B
- Amount Raised: USD 8,000,000
- Date: September 2022
- Lead Investors: IvyCap Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations, enhance technology, and expand market reach.
Total Amount Raised: USD 16,785,702. Current Valuation: Not publicly disclosed.
Key Investors
- IvyCap Ventures
- Details: IvyCap Ventures is a venture capital firm based in India, known for investing in early to growth-stage companies.
- Investment Focus Areas: Technology, Healthcare, Consumer products
- Notable Investments: Purplle, Clovia, BlueStone
- Alteria Capital
- Details: Alteria Capital is a venture debt fund in India, providing debt financing to startups.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Dunzo, Lendingkart, ZestMoney
- Omnivore
- Details: Omnivore is a venture capital firm that invests in startups from the agriculture and food sectors.
- Investment Focus Areas: Agriculture, Food, Technology
- Notable Investments: DeHaat, Stellapps, Eruvaka
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage and growth-stage technology companies.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Facebook, Dropbox, Slack
- Mayfield India
- Details: Mayfield India is a venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Lyft, Poshmark, SolarCity
What's Next for Clover?
As Clover looks to the future, the company is poised to capitalize on significant opportunities in the agri-tech sector. By expanding its managed farm network and entering new cities, Clover aims to reshape the supply chain for greenhouse-grown fresh produce. This expansion not only addresses gaps in India's agricultural processes but also provides fair economic incentives to farmers and other ecosystem members.
Given the increasing investment in agri-tech startups, Clover is well-positioned for future fundraising opportunities. The company may attract additional venture debt or equity funding rounds, enabling it to scale operations and enhance its technological capabilities. However, Clover will need to navigate challenges such as competition from other agri-tech startups and managing relationships with farmers to ensure consistent quality and supply of produce.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Clover and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
