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Tuesday, February 27, 2024

Lithuanian HeavyFinance facilitates €50M in European agricultural loans

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HeavyFinance, a Vilnius-based climate tech investment platform, has successfully secured a substantial €50 million in funding from a global community of over 10,000 investors. Specializing in financing sustainable agricultural projects across Europe, the company aims to support nearly 1,700 diverse initiatives in countries like Bulgaria, Latvia, Lithuania, Poland, and Portugal. The funding is earmarked to bolster their mission of promoting regenerative agriculture and environmental sustainability. Additionally, HeavyFinance plans to launch nature-based carbon credits in the first half of 2024, furthering their commitment to bridging financial gaps in agriculture and contributing to global efforts for achieving net-zero emissions by 2050.

HeavyFinance is a climate tech marketplace linking global investors with European farmers transitioning to regenerative agriculture. The company provides financing, including 0% interest Green Loans, supporting sustainable farming practices across Europe. HeavyFinance is dedicated to promoting environmental sustainability and plans to generate nature-based carbon credits. Their mission extends beyond financial support to invest in and accelerate a sustainable future by contributing to global efforts for achieving net-zero emissions by 2050.

Laimonas Noreika, CEO and Co-Founder of HeavyFinance, commented: “This milestone is not just a number; it represents a significant leap towards sustainable agriculture and climate action. When we started in 2020, there was scepticism about the influence of financial innovations to impact the adoption of sustainable practices in agriculture. Now, with this milestone and our imminent launch of nature-based carbon credits, HeavyFinance is demonstrating what can be achieved. We’re not just financing farms; we’re investing in a sustainable future for our planet.”

Last year, the climate tech company launched its Green Loans that provide European farmers with financing for transitioning to regenerative practices at a 0% interest rate. While also giving farmers access to additional revenue from the sale of carbon credits generated from implementing those practices.

HeavyFinance is at the forefront of developing innovative financial solutions tailored to climate action as it remains committed to bridging the financial gap that supports the global effort to achieve net-zero emissions by 2050 and contribute to achieving the UN Sustainable Development Goals.

Click to read more funding news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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