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AgriTech Member:

Fresh4cast

 

Mihai Ciobanu, CEO, and Miguel Molina, NED, talk to Eagle Labs AgriTech about their business Fresh4cast.

Tell us about Fresh4cast

Fresh4cast was founded at London Business School by two Sloan Fellows who wanted to improve the lives of farmers, specifically fruit & veg growers. The company helps them predict their crop with much greater accuracy than was possible in the past, and complements this service with other tools like sales forecast and specialised analytics. In creating this new market for forecast-as-a-service, Fresh4cast has so far achieved a dominant coverage in the UK berries sector with almost 40% coverage. The team is working to expand to more geographies and verticals.
 

When did you start your business?

October 2013.
 

What's been your biggest highlight?

Getting to a turnover of over £400k with a team of only 4.
 

What's been your biggest challenge?

Every time we expand to a new vertical, getting the first customer to try our service is time-consuming.
 

Advice for entrepreneurs starting out

Validate your value proposition and communicate product benefits rather than features.

 

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