RSF Social Finance Announces Investment in Farmigo

Launched in 2009, Farmigo’s roots are founded in delivering technology to farms to help them manage their CSA subscriptions. Three years later, hundreds of farms in 25 states are using the technology and Farmigo has connected them to over 3,000 delivery sites.

“Farmigo is dedicated to creating a healthy alternative food system for generations to come,” says Benzi Ronen, Farmigo CEO. “Through our food communities we are able to disrupt the food system and create direct relationships between consumers and local farmers.”

Farmigo’s mission is closely aligned with RSF’s efforts to build healthy, resilient, local food systems.

“What makes Farmigo stand out is their ability to effectively leverage technology as a tool for building a new food system,” says Joe Avenatti, Managing Director of RSF Capital Management. “Farmigo’s platform results in higher consumption of sustainably produced goods, increased acreage used in a sustainable manner, and represents an increasingly viable model for local food distribution.”

“We are pleased to support the good work of Farmigo and have expressed our confidence in its future prospects by investing in Benzi, his team, and the mission-aligned equity investors that all share our belief that direct, local and long-term customer relationships are not just important in building sustainable food systems-but are the basis of a healthier exchange system overall,” added Don Shaffer, President and CEO of RSF.

Located in San Francisco, CA, RSF Social Finance (RSF) is a financial services organization dedicated to transforming the way the world works with money. Since 1984, the organization has made over $275 million in loans and $100 million in grants to non-profit and for-profit social enterprises working in the areas of Food & Agriculture, Education & the Arts, and Ecological Stewardship.