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Successfully funded
overfunded
Small Robot Company
298%
Raised
£2,089,690
Investors
1713
Target
£700,000
Equity
20.71%
Pre-money valuation
£8,000,000

Farmer-backed agtech startup building sustainable farming robots. In the last 12 months, Small Robot Company has transitioned from prototype to commercial service, using an autonomous robot and their AI software to deliver a weed map to paying customers, including Waitrose.

  • Waitrose signed up for our commercial weed mapping service
  • Overfunded with more than £1.1m in 2018 Crowdcube campaign
  • Farmers managing over 40,000 hectares have invested or signed an EoI
  • £1m+ Innovate UK funding secured to date, potentially more in pipeline

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. Small Robot Company is building the technology to make this happen. 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).

Since our last raise, we have achieved our aim of moving from proof of concept to commercially-ready prototype. This raise will help us to begin manufacturing our robots with our partners, Tharsus.

Today, we are delivering an AI-generated field map which has the potential to show the exact location of every plant and all of the weeds on UK farms, and we believe we are the first to market with a product of this sort. This year we aim to demonstrate our ability to kill these weeds autonomously without using chemicals.

We have a growing waiting list, with 20 farmers putting down a £5,000 deposit and 70 signing expressions of interest for future services. In total, we have raised more than £300k from farmers, demonstrating the readiness of this industry to embrace change.

Agriculture is a $2.4 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.

Small Robot Company has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.