Wefarm announced an $11 million Series A-Plus round led by Octopus Ventures.
Wefarm, a London, UK-based startup building a social network for farmers, announced completing $11million in funding of what they call Series A-Plus.
The money was raised from investors led by Octopus Ventures, with participation from new and existing investors, including True Ventures, Rabo Frontier Ventures, LocalGlobe, June Fund and AgFunder.
WeFarm, founded in 2015 by CEO Kenny Ewan, is a farmer-to-farmer digital network that enables farmers to share information via SMS. The company allows small-scale farmers to connect with one another to solve problems, share ideas, and spread innovation.
Wefarm’s platform enables farmers to connect to their community, so they can know more, buy smarter, and sell better. To date, 2.5 million farmers have connected with one another for free and without access to the internet via the Wefarm SMS platform. The company pioneered this offline technology for the market in 2015. Over 37 million knowledge-sharing conversations have taken place on the Wefarm SMS service, while the marketplace has generated $29,000,000 in sales. The online expansion of the SMS service features a forum-based platform. This will enable farmers to work together to solve problems, support each other, and aggregate their buying and selling power to change the global supply chain.
Prior to this round, Wefarm raised about $21 million.





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