What is Wefarm?
Wefarm operates as a peer-to-peer knowledge-sharing social network specifically designed for smallholder farmers in developing regions. Through its platform, accessible via SMS or online, users can exchange agricultural and business tips, fostering a collaborative environment for information dissemination. This model is particularly crucial for farmers in areas with limited internet connectivity, enabling them to access and share vital information that can improve their livelihoods and farming practices.
How much funding has Wefarm raised?
Wefarm has raised a total of $30.6M across 2 funding rounds:
Angel/Seed
$6.6M
Series A
$24M
Angel/Seed (2018): $6.6M with participation from Matt Mullenweg, Accelerated Digital Ventures, Norrsken Foundation, True Ventures, LocalGlobe, Niklas Zennstrom, and Bryan Meehan
Series A (2021): $24M led by AgFunder, ADV, Octopus Ventures, Rabo Frontier Ventures, Norrsken Foundation, True Ventures, LocalGlobe, and June Fund
Key Investors in Wefarm
AgFunder
AgFunder VC is a global venture capital firm focused on advancing agrifood, human, and planetary health through investments in deeptech platforms, including AI, biotech, and robotics. The firm aims to address systemic bottlenecks in food and agriculture by backing innovative technologies that promote sustainable growth.
Octopus Ventures
Octopus Investments is the UK's largest provider of specialist tax-efficient investments, focusing on VCTs (Venture Capital Trusts) and inheritance tax solutions. They cater to individual investors, financial advisers, and institutional clients, helping them plan for their financial future while managing high-risk investment options.
Rabo Frontier Ventures
Headquartered in Utrecht, Netherlands, Rabobank is a Dutch multinational banking and financial services company. The company focuses on food and agriculture financing and sustainability-oriented banking.
What's next for Wefarm?
The substantial capital infusion, particularly the recent strategic investment, positions Wefarm for accelerated growth and expansion. This financing is expected to fuel further development of its knowledge-sharing network, enhance its technological infrastructure, and broaden its reach to more farmers globally. The company's focus on empowering rural agricultural communities through accessible technology suggests a continued emphasis on sustainable development and farmer empowerment as key strategic objectives.
See full Wefarm company page
