Inveready leads a €2 million investment round in Wikifarmer, aiming to enhance its international expansion and drive digitalization within the agricultural sector.

Target Information

Wikifarmer, a prominent online platform dedicated to agribusiness and agricultural knowledge exchange, has successfully concluded a €2 million venture debt round, spearheaded by Inveready through its fund 'Inveready Venture Finance IV Trainera' in collaboration with Banco Santander. This funding will bolster Wikifarmer's growth and enable its international expansion, including the establishment of new offices in Spain, specifically located in Sevilla and Valencia. Founded in Greece in 2019, Wikifarmer has positioned itself as a leader in democratizing agriculture, striving to create a leading B2B marketplace for agricultural products in Europe while serving as a major source of free agricultural knowledge.

The platform offers a comprehensive ecosystem that pairs educational content focused on sustainable agricultural practices with a B2B marketplace that connects producers with buyers worldwide. Addressing critical issues like limited access to modern agricultural practices, excessive intermediation in the supply chain, and buyer risks, Wikifarmer aims to streamline the purchasing process for buyers and enhance the experience for agricultural producers.

Industry Overview

The global agricultural market's gross production value is projected to reach $3.90 trillion in 2024, with a compound annual growth rate (CAGR) of 5.66% anticipated through 2028. In Spain alone, the agricultural sector is expected to generate $55.79 billi