The funds will be used to support the startup’s expansion plans, with a first goal to enter the Romanian market and acquire key talent.
This new funding round targets an amount of EUR500,000 and is led by Vitosha Venture Partners as a lead investor with an investment of EUR200,000. Agriniser is the second Bulgarian company to raise capital on the co-investing platform. Dronamics had raised over EUR900,000 in December 2021 as part of its EUR15 million mega-round led by Eleven Ventures.
SeedBlink is the fastest growing investment platform specialising in finding, vetting, funding and scaling European tech startups. The company’s vision is to shape Europe’s tech future through an investment platform that has the reach of crowdfunding, the flexibility of angel investors and the structure of venture capital. It aims to open investments in start-ups to real people and do this by building a modern platform, a tech savvy community, the network and expertise to grow companies post investment. Individuals can create an account on SeedBlin and invest alongside VCs and angel investors with a small ticket size of as little as 2,500 EUR or even 1,000 EUR minimum ticket for those part of the SeedBlink Club.
Agriniser is a digital marketplace that facilitates grain trade between grain producers on the sell side and processors, animal farmers, brokers, traders and multinational exporters on the buy side. In recent years, EUR13.6 million worth of grain have been transacted through the marketplace, with 21% of the arable land with grains, oilseed and pulses in Bulgaria being on the marketplace. Over 1,500 grain buyers and sellers are registered in Bulgaria only. Given the great success of Agriniser on the local market, the company is now looking to expand into a new market each year, starting with Romania, to become the leading European grain platform.
“Agritech in Europe is growing, and Bulgaria is no exception. There is great potential to help the agricultural industry achieve efficiencies, conserve resources and ensure consumers have access to safe and healthy food. And innovation is a must. In my opinion the sector is about to grow at a much higher speed going forward, considering the pressure on the food supply chain in the last 3 years.”, said Kristian Ivanov, founder and CEO of Agriniser.
Agriniser’s seed round will be launched on SeedBlink on June 23, at 10 am EEST.