Forager
Founded Year
2014Stage
Acquired | AcquiredTotal Raised
$4.34MAbout Forager
Foragedigital provides a procurement-to-payment platform designed to simplify local food sourcing. It is a wholesale natural food distribution company. The company was founded in 2014 and is based in Portland, Maine. In June 2023, Forager was acquired by Local Line. The terms of the transaction were not disclosed.
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Expert Collections containing Forager
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Forager is included in 4 Expert Collections, including Agriculture Technology (Agtech).
Agriculture Technology (Agtech)
1,994 items
Companies in the agtech space, such as equipment manufacturers, surveying drones, geospatial intelligence firms, and farm management platforms
Supply Chain & Logistics Tech
3,797 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Payments
2,777 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
8,095 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Forager Patents
Forager has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
1/17/2014 | 3/28/2017 | Wireless networking, Network protocols, Network access, Computer network security, Financial markets | Grant |
Application Date | 1/17/2014 |
|---|---|
Grant Date | 3/28/2017 |
Title | |
Related Topics | Wireless networking, Network protocols, Network access, Computer network security, Financial markets |
Status | Grant |
Latest Forager News
Jun 29, 2023
by David Stone founded Forager in 2014 Forager, the Portland-based startup that built an online marketplace to connect local farms with grocery stores and other retail outlets, on June 21 announced its acquisition by Local Line, a Canadian company with its own sales platform for local farms. The acquisition marks a significant milestone for both companies as they aim to expand their reach and transform the food industry. Details of the transaction were not disclosed. Forager , founded in 2014 by David Stone, has played a role in revitalizing Maine’s local food system, facilitating connections between 150 farmers, cheese makers, and other producers with more than a dozen grocers in the region. Since launch, $20 million worth of food has been procured via its online and mobile marketplace platform, according to the company’s news release. Maine Startups Insider last reported on Forager in May 2021 when it raised a small round. Stone at the time told MSI the company was not yet profitable. The decision to join forces with Local Line comes as Forager recognizes the need for more resources to expand its nationwide reach. By becoming part of the Local Line family, Forager’s operations will remain in Maine, but it gains access to Local Line’s broader customer base and its suite of innovative tools for farmers, according to its news release. “Maine should be a national leader in food systems,” Stone said in the release. “Food is the largest economic segment in the state, and this partnership will continue to accelerate this amazing culture and economy of food innovation. Forager, and now Local Line, are connecting the dots.” Local Line views this acquisition as a strategic move to enhance its offerings to farmers. Its CEO, Cole Jones, said in a statement that Forager’s grocer-facing platform complements the company’s existing solutions. “We are delighted to welcome Forager into the Local Line family,” said Jones. “Together, we can empower more farmers and revolutionize the way local food systems operate.” Share this:
Forager Frequently Asked Questions (FAQ)
When was Forager founded?
Forager was founded in 2014.
Where is Forager's headquarters?
Forager's headquarters is located at 75 Market Street, Portland.
What is Forager's latest funding round?
Forager's latest funding round is Acquired.
How much did Forager raise?
Forager raised a total of $4.34M.
Who are the investors of Forager?
Investors of Forager include Local Line, Coastal Enterprises and Duncan Saville.
Who are Forager's competitors?
Competitors of Forager include Market Wagon and 5 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Forager to Competitors
GrubMarket offers farm-to-table food delivery services. It provides a website that allows sellers to offer foods and other items at wholesale prices to customers. It offers products such as organic foods, vegetables, gluten-free foods, snacks, drinks, pantries, home goods, and more. The company was founded in 2014 and is based in San Francisco, California.
Foodshed.io operates as a mobile marketing app and logistic platform. It connects producers to chefs, supermarkets, and institutions. It streamlines and aggregates inventory from multiple farms, creating a transparent market where buyers can place all their orders. The company was founded in 2017 and is based in New York, New York.
Big Wheelbarrow operates as an online supply-management software to create and manage local food supply chains. It provides a mobile platform allowing wholesale buyers to find and manage local farm vendors. It was founded in 2016 and is based in Austin, Texas.
We provide a gateway for the 40 million home food growers who want to buy, trade and sell their produce in their community. $18 billion worth of crops are grown annually by home food growers. We empower these growers to share and sell quality homegrown food with conscious consumers. We monetize our platform by offering a freemium based lead system for sellers of homegrown food, and data mining the interactions between consumers and growers. Selected The StartupBus 2012 Competition Runner-Up!
Fieldcraft provides a supply chain for sustainable agriculture. It delivers a business-to-business marketplace for commodities and helps producers to simplify marketing and automate sample and order management. The company was founded in 2019 and is based in Austin, Texas.
Mayani operates as an e-commerce platform. It offers agricultural technology helping smallholders access new customers and markets while digitizing the supply chain to improve incomes and reduce food loss. Its product offerings include packaged plant-based foods, vegetables, fruits, frozen meat and fish, raw crops, and more. It was founded in 2019 and is based in Manila, Philippines.
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