Wefarm secures £8m in Series A-Plus funding led by Octopus Ventures to scale online platform
The financing will accelerate the development of the company's digital forum and marketplace for small-scale farmers.
Wefarm operates a digital platform connecting millions of small-scale farmers to share knowledge and conduct commerce. The business provides tools via SMS and online networks to help agricultural communities improve yields and market access.
Wefarm has raised £8m in a Series A-Plus funding round to expand its SMS-based agricultural service into a full online platform. The financing was led by Octopus Ventures, with additional participation from True Ventures, Rabo Frontier Ventures, LocalGlobe, June Fund, and AgFunder.
The capital will support the development of the company's new digital forum and marketplace. Wefarm currently serves 2.5 million small-scale farmers, providing offline communication tools and a commerce network designed to improve yields and supply chain efficiency.
From the founder
"Wefarm is building the definitive platform and network for the world's biggest vertical,"
Kenny Ewan
Founder and CEO at Wefarm
Investor perspective
"By building a highly engaged community of millions of small-holder farmers, Wefarm has created a powerful platform providing greater access to vital knowledge and information, which allows farmers to unlock greater economic potential from their land,"
Kamran Adle
Investor, Octopus Ventures
Use of funds
- 01Continue product development
