After a successful seed round, HeavyFinance is ready to continue its expansion in the European marketplace, delivering sustainable climate investments to even more investors. Operating in additional markets and expanding our investor suite is an important step in the company’s growth and the development of new products and schemes, alongside bringing in industry experts to support our journey will be a priority over the coming months. Tackling climate change must be a united effort, and with almost a third of global greenhouse emissions coming from agricultural products, HeavyFinance is here to lead the charge in the agricultural sector. Food growth plays a vital part in the climate battle as a prominent global issue, and connecting investors with farmers and agricultural specialists through our finance platform can help accelerate the adoption of regenerative soil management practices to reduce carbon emissions output throughout Europe.
Laimonas Noreika, Founder of HeavyFinance
HeavyFinance team is committed to transforming the traditional agricultural lending marketplace by incentivizing farmers to adopt sustainable and regenerative farming practices by providing them access to the necessary capital. By connecting farmers in Europe directly and introducing a proprietary soil-based carbon credit methodology, we anticipate creating a new channel for downstream corporates to offset their carbon credits and stimulating institutional capital investments in the green sector.”
Arvydas Bložė, Partner at Practica Capital
HeavyFinance is in business of removing 1 gigaton of CO2 emissions through agricultural financing. The company operates as a marketplace connecting investors - from retail to institutional - with European farmers in need of external financing to expand their farms and shift to regenerative agriculture. HeavyFinance facilitated financing to more than 1.000 agricultural ventures in Bulgaria, Latvia, Lithuania, Poland and Portugal.
About Practica Capital
Practica Capital is an early-stage VC dedicated to backing Baltic founders. The firm has been invested exclusively in tech potential in the Baltic States for the last 10 years. Practica Capital back great founders in their ambition in seed, selected pre-seed and A stages and partnering with them as company builders. Practica Capital manages four funds with more than €80m in AUM. To date the firm made over 50 investments, including great companies like PVcase, TransferGo, Interactio, Eneba, Ovoko, Montonio, CGtrader and others. Find out more: https://practica.vc
About Black Pearls VC
Black Pearls VC is an early-stage venture capital firm focused on supporting the leading tech companies from the Baltic Sea Region. It invests in early-stage with a typical ticket of anywhere between €100k - €1m. Black Pearls VC is a part of the Kauffman Fellows, a global network of +500 leading VCs.