HeavyFinance, a Vilnius, Lithuania-based climate tech investment marketplace for the agricultural industry, raised €3M in Seed funding.
The round was led by Practica Capital.
The company intends to use the funds to continue its European expansion, currently operating in Poland, Portugal, Lithuania, Latvia, and Bulgaria, with plans to nearly double its current headcount of 33 staff over the next 12 months.
Founded by Laimonas Noreika, HeavyFinance operates as a marketplace connecting investors – from retail to institutional – with European farmers in need of external financing to expand their farms and shift to regenerative agriculture.
So far, the company has facilitated financing to more than 1.000 agricultural ventures in Bulgaria, Latvia, Lithuania, Poland, and Portugal.
FinSMEs
24/03/2023