FYTA

FYTA

FYTA - connect with plants.

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DateInvestorsAmountRound
-investor investor

€0.0

round
investor

€0.0

round
*

€1.0m

Valuation: €10.0m

Angel
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2020202120222023
Revenues0000000000000000
% growth-(65 %)300 %20 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Company filings or news article, Dealroom estimates

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More about FYTA
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FYTA, a Berlin-based company founded in 2018, is dedicated to enhancing the indoor gardening experience through data-driven technology. The firm was established by co-founders Claudia Nassif and Sylvie Basler. Nassif, the current CEO, brings a unique background to the plant-tech space, having transitioned from a career as an economist at The World Bank, where she focused on complex problem-solving in various countries. This experience in data analysis and international relations informs the company's mission to create a global platform for plant care.

The core of FYTA's business is an integrated system of hardware and software designed for plant enthusiasts. Its flagship product is the FYTA Beam, an IoT-powered smart sensor that monitors key environmental conditions for plants, including soil moisture, nutrient levels (salinity), light intensity, and temperature. This data is transmitted via Bluetooth to the companion FYTA mobile app, which then provides users with personalized, AI-powered care instructions and notifications. The company has since expanded its hardware offerings to a modular system, including the FYTA Mini for individual houseplants and the FYTA Sphere to monitor ambient conditions for plant groups, catering to a wider range of indoor and outdoor setups.

FYTA's revenue model is twofold. The primary stream comes from the direct sale of its hardware, such as the FYTA Beam, which has sold over 25,000 units. A secondary, and growing, revenue channel is through in-app sales of gardening products and accessories via a marketplace. This marketplace utilizes a dropshipping model with third-party vendors, allowing for scalable product offerings without significant inventory overhead. The app itself is free to use and offers significant functionality without a sensor, including a plant library with over 4,500 species, photo-based plant identification, disease diagnosis, and care tutorials. This freemium software approach serves as a funnel, introducing users to the ecosystem before they commit to purchasing a sensor. The company secured an undisclosed amount in a Seed funding round in July 2021, led by APX, to fuel its growth.

Keywords: smart plant sensor, indoor gardening, plant care app, IoT, agritech, consumer electronics, plant monitoring, soil sensor, data-driven gardening, FYTA Beam, horticulture technology, plant health, smart home, Berlin startup, Claudia Nassif, gardening accessories, plant diagnostics, mobile app, environmental monitoring, plant care platform

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