UK-based farming networking platform provider Wefarm secured $11m yesterday in a series A-plus round featuring media, data and investment firm AgFunder and Rabo Frontier Ventures, a strategic investment arm of financial services firm Rabobank.
Venture capital firm Octopus Ventures led the round, which included True Ventures, LocalGlobe, June Fund and undisclosed new and existing investors.
Wefarm operates an online platform allowing small-scale independent farmers to connect with each other, share information and access a marketplace for agriculture retailers and brands.
The company said it has now received $32m of funding since it was founded in 2015, including $1.6m from a seed round led by LocalGlobe in 2016.
True Ventures led a $5m second seed round in 2018, investing with ADV, LocalGlobe and Norrsken Foundation, Niklas Zennström, Matt Mullenweg and Bryan Meehan.
Wefarm added $13m in a late 2019 series A round also led by True Ventures and backed by AgFunder, June Fund, LocalGlobe and Accelerated Digital Ventures and Norrsken Foundation.