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Hexagro

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October 7, 2024
Data is self reported
Hexagro is developing modular, smart gardens combined with an AI-powered cultivation app to help urban dwellers easily grow healthy food at home, regardless of their available space​​.

Achievement

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Founded in

2017

Country

Italy

Industry

AgriTech, Hardware, Saas, Circular economy, Climate, AI/ML

Patent information

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Team

Number of founders

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Number of employees

Founder backgrounds

Exit experience

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Relevant industry experience

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Previous startup experience

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EUR / Erasmus MC or TUDelft relation

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Graduation year from EUR, Erasmus MC or TUDelft

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In the news

Investment details

Amount raising

650000

Ownership founders

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Lead investor

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Current investors

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Intended closing date

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Fundraising status

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Already committed

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Revenue Metrics

Paying customers

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Monthly active users

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Hexagro

Direct Message
Download Pitch Deck
October 7, 2024
Data is self reported
Hexagro is developing modular, smart gardens combined with an AI-powered cultivation app to help urban dwellers easily grow healthy food at home, regardless of their available space​​.

Achievement

Product Success: Delivered over 4,000 units of our smart gardens with less than a 0.1% return rate, demonstrating product-market fit and high customer satisfaction​. Growth and Expansion: Expanded operations from Italy to key markets in Western Europe (France, Germany, Switzerland) and initiated entry into the U.S. market with pre-sales of over 250 units​​. Partnerships and Distribution: Secured distribution agreements with large retailers in Western Europe and the U.S., setting the foundation for scalable growth​. Digital Engagement: Grew our online community to over 7,000 followers and onboarded 1,500+ registered users to our cultivation app, boosting customer engagement​. Awards and Recognition: Recognized with multiple international awards and grants that validate our innovation and impact in the urban farming sector​. Financial Stability: Maintained positive cash flow on hardware sales with strong industrial partnerships, enabling us to scale manufacturing and distribution efficiently​.

Founded in

2017

Country

Italy

Province

Industry

AgriTech, Hardware, Saas, Circular economy, Climate, AI/ML

SDGs

Zero hunger (SDG #2), Good health and well-being (SDG #3), Sustainable cities and communities (SDG #11), Responsible consumption and production (SDG #12)

Patent information

No

Team

Number of founders

3

Number of employees

Founder backgrounds

Exit experience

No

Relevant industry experience

Yes

Previous startup experience

Yes

Female founder

No

EUR / Erasmus MC or TUDelft relation

Graduation year from EUR, Erasmus MC or TUDelft

In the news

Investment details

Amount raising

650000

Ownership founders

80-99% owned by founders

Lead investor

No, we don't have a lead investor yet.

Current investors

Hexagro has successfully raised approximately €1.4 million through a combination of funding sources: Angel Investors: Raised €150,000 from various business angels who believed in Hexagro’s early vision​. Venture Capital (VC) + Finance: Secured around €500,000 from impact-focused VC firms that co-led our investment rounds​. We also got €500,000 in finance from a italian-private organization with very low interest rates and a payment time of 10 years. Grants and Subsidies: Received approximately €250,000 in grants from European innovation programs, which supported our product development and scaling efforts​. Crowdfunding: Raised €50,000 in a successful crowdfunding campaign, which was 250% overfunded during the launch of our Clovy product​.

Intended closing date

Q2 2025

Fundraising status

Actively fundraising (brand name visible)

Already committed

350000

Revenue Metrics

Monthly revenue

€5K - €10K

Monthly growth

4-8%

Paying customers

20

Monthly active users

500
Hexagro is developing modular, smart gardens combined with an AI-powered cultivation app to help urban dwellers easily grow healthy food at home, regardless of their available space​​.
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Premium Details Available

(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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TEAM

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Year founded
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
€5K - €10K
Growth rate month over month
4-8%
Monthly revenue context
Number of paying customers
20
Monthly active users
500

INVESTMENTS

Do you have a lead investor?
No, we don't have a lead investor yet.
How much have you raised in the past?
Hexagro has successfully raised approximately €1.4 million through a combination of funding sources: Angel Investors: Raised €150,000 from various business angels who believed in Hexagro’s early vision​. Venture Capital (VC) + Finance: Secured around €500,000 from impact-focused VC firms that co-led our investment rounds​. We also got €500,000 in finance from a italian-private organization with very low interest rates and a payment time of 10 years. Grants and Subsidies: Received approximately €250,000 in grants from European innovation programs, which supported our product development and scaling efforts​. Crowdfunding: Raised €50,000 in a successful crowdfunding campaign, which was 250% overfunded during the launch of our Clovy product​.
How much of this round already committed?
350000
When are you aiming to close this round?
Q2 2025

TEAM

How much time do the founders spend on the business?
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
No
What percentage of company is owned by founders?
80-99% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2017
Patent status
No

Basic details

Amount raising
650000
Country
Italy
Industry
AgriTech, Hardware, Saas, Circular economy, Climate, AI/ML
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
October 7, 2024

Key Achievements

  • Product Success: Delivered over 4,000 units of our smart gardens with less than a 0.1% return rate, demonstrating product-market fit and high customer satisfaction​. Growth and Expansion: Expanded operations from Italy to key markets in Western Europe (France, Germany, Switzerland) and initiated entry into the U.S. market with pre-sales of over 250 units​​. Partnerships and Distribution: Secured distribution agreements with large retailers in Western Europe and the U.S., setting the foundation for scalable growth​. Digital Engagement: Grew our online community to over 7,000 followers and onboarded 1,500+ registered users to our cultivation app, boosting customer engagement​. Awards and Recognition: Recognized with multiple international awards and grants that validate our innovation and impact in the urban farming sector​. Financial Stability: Maintained positive cash flow on hardware sales with strong industrial partnerships, enabling us to scale manufacturing and distribution efficiently​.

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