Hectare Agritech raises £1.4m in Seed funding via Seedrs to expand its digital agricultural marketplaces.
The agtech business overfunded its original target on Seedrs to support product development and international growth.
Hectare Agritech operates digital agricultural marketplaces including SellMyLivestock and Graindex. The company provides online trading platforms for farmers to buy and sell livestock and crops.
Hectare Agritech has successfully closed its latest funding round at £1.4m via Seedrs, surpassing its initial target. The company operates digital marketplaces for the agricultural sector, including SellMyLivestock and Graindex.
The newly secured capital will be directed towards product development, including financial services and logistics, alongside marketing initiatives to expand its user base. Hectare also intends to use the funds to support its international growth plans.
From the founder
"We’re really pleased with where the round is finishing up. Exceeding our initial target will allow us to continue to build our UK farmer base while also further developing and marketing our new revenue-driving services like payments, finance and haulage. With all of the uncertainty and tough market conditions out there we are here to help farmers realise upto 12 percentage points of efficiencies in their trading. We are adding more and more services to turn Hectare into a full service trading platform to ensure we are giving farmers all the tools they need to conduct their business in the most efficient way."
Doug Bairner
CEO at Hectare Agritech
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Expand into international markets
Categories
About the company
Hectare Agritech
Hectare Agritech runs online agricultural marketplaces for trading livestock and crops.