EMCC European Monitoring Centre on Change

Agricool

Company/Organisation:
Agricool

Geographic Location

Country: France

Company

Sector: Agriculture
Agriculture, forestry and fishing
01 - Crop and animal production, hunting and related service activities
Number Employed: 51

Employment Effects

Announcement Date: 04-12-2018
Type of Restructuring: Business expansion
Employment Effect Start: 01-12-2018
Foreseen End Date: 01-12-2020
Planned Job Creation: 200

Additional Information

Agricool, a start-up specializing in the production of fruit (including strawberries) and container vegetables, announced a new round of funding of €25 million. The company plans to deploy its containers in an industrial way. The ambition is now to install five new containers in 2019, probably around Paris. By 2021, 200 recruits will join the company to deploy the hundreds of containers planned. All employees of Agricool are on permanent contracts and are shareholders. The new capital raising is accompanied by a financial incentive plan to attract and retain future recruits.

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