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272%
Raised
£1,088,930
Investors
593
Target
£400,000

Convertible round

Rather than investing and immediately receiving shares, in this round payments will be transferred directly to the company and shares issued at a future date. A convertible allows a company to raise funds without having to agree a valuation. For more information please view our FAQs.

Farmer-backed agtech startup building sustainable farming robots. Small Robot Company has now transitioned from prototype to commercial service, using an autonomous robot and their AI software to deliver a weed map to paying customers, including Waitrose.

  • Lead investor VC 7percent Ventures, who followed from previous round
  • Non-chemical weeding robot prototype now in field trials
  • 104 farmers managing over 53,000 hectares have signed EOI
  • We overfunded by 298% in our 2020 Crowdcube campaign
Information This is a private pitch, open to the company's existing investors only. It is therefore not necessary for Crowdcube to approve this pitch as a financial promotion. As Crowdcube has not carried out any due diligence on this pitch, the Due Diligence Charter does not apply. Investors should carry out their own due diligence and take professional advice where necessary. Investors who choose to participate in this funding round should read all available documentation before investing. The Company will be applying to the Future Fund for funding to match the amount raised through Crowdcube. Matched funding will be on the same terms as those being offered to the Crowd. Please see the key terms document below for a summary of these terms.

Idea

Imagine a world in which we could use swarms of lightweight, smart machines to replace tractors and make food production more accurate, sustainable and profitable.

Our mission is to work with farmers to create a farming system without compromise: we call this Per Plant Farming. Our three small robots, Tom, Dick and Harry and our AI brain Wilma will plant, monitor and treat arable crops autonomously.

Goldman Sachs estimates that the market for digital agricultural technology will be $240bn by 2050 (up from just over $5bn today).

Our valuation is due to see a significant uplift in the autumn when we will already hit all the milestones from our last raise. We are filing key patents and delivering on multiple technology and commercial goals.

Our ambition is to get at least £1million of pilot contracts in place by the middle of next year.

Covid-19 has seen an increased focus on food security. With a 40% rise in funding for farm robotics sector start-ups, this is a signal to accelerate. Led by VC 7percent Ventures, our government Future Fund raise will fuel this.

Due to high demand, this investment round will be exclusive to existing investors only, and may close early. Invest at minimum 20% discount before next raise.

Agriculture is a $5 trillion global industry on the cusp of transformative change and we are well-positioned to be at the centre of it.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.