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SeedBlink launches second round of funding in Bulgaria for Agriniser, an agritech startup

SeedBlinkthe European investment platform specializing in financing and scaling up technology startups, is launching a new funding round for Farmer, the Bulgarian company Agritech based in the United Kingdom, which has developed a digital market where one can buy and sell cereals. The funds will be used to support the startup’s expansion plans, with a primary goal of entering the Romanian market and acquiring key talent.

This new financing round is targeting an amount of EUR 500,000 and is led by Vitosha Venture Partners as lead investor with an investment of EUR 200,000. Agriniser is the second Bulgarian company to raise capital on the co-investment platform. Dronamics had raised over EUR 900,000 by December 2021 in its EUR 15 million mega-round led by Eleven Ventures.

SeedBlink is the fastest growing investment platform specializing in finding, verifying, funding and scaling European tech startups. The company’s vision is to shape Europe’s technological 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 up investments in start-ups to real people and do so by creating a modern platform, a tech-savvy community, the network and the expertise to grow businesses after investment. Individuals can create an account on SeedBlink and invest alongside VCs and angel investors with a small ticket of as little as EUR 2,500 or even a minimum ticket of EUR 1,000 for those who are part of the SeedBlink Club.

Agriniser is a digital marketplace that facilitates grain trade between sell-side grain producers and buy-side processors, ranchers, brokers, traders and multinational exporters. In recent years, €13.6 million worth of grain has been traded on the market, with 21% of the arable land containing grains, oilseeds and pulses in Bulgaria being on the market. More than 1,500 grain buyers and sellers are registered in Bulgaria alone. Faced with the great success of Agriniser on the local market, the company is now looking to expand into a new market every year, starting with Romania, to become the leading European cereal platform.

“Agritech in Europe is growing and Bulgaria is no exception. There is great potential to help the agriculture industry achieve efficiencies, conserve resources and ensure consumers have access to safe and healthy food. And innovation is a must. In my opinion, the industry is poised to grow at a much higher speed in the future, given the strain on the food supply chain over the past 3 years.says Kristian Ivanov, founder and CEO of Agriniser.

Agriniser is one of the 10 winners selected for the EBRD Star Venture program in Bulgaria, Romania and Moldova, being one of the 2 Bulgarian finalists. The startup is also part of the Nextcelerator program dedicated to Agritech companies organized by SeedBlink, Microsoft and Agricover. Thanks to the great support of all these companies during the accelerator sessions, in combination with the plans of Agriniser to start its activities in Romania, the decision of an investment campaign via SeedBlink within the framework of the larger cycle carried out by Vitosha Venture Partners happened naturally.

“Many experts have been in the headlines lately, telling us about the direct negative impact of the war in Ukraine as well as the poor harvest in North Africa on the prices of various crops. These events, however, have more than reinforced the need for a transparent, digitized and international crop trading platform, which Agriniser aspires to.shares Angel Hadjiev, managing director of SeedBlink in Bulgaria.

“European agribusiness, and grain trading in particular, is experiencing major market inefficiencies due to low digitalization and low transparency. Agriniser’s team of experts and visionary product positions them perfectly to lead the inevitable transformation of this industry. We at Vitosha Venture Partner are delighted to support them along the way. » shares Stoyan Nedin, Venture Partner at Vitosha Venture Partners.

Agriniser’s seed round will launch on SeedBlink on June 23 at 10 a.m. EEST.