Wikifarmer, a B2B
marketplace that uses artificial intelligence to connect food businesses with
producers, has raised $7.7 million in funding. The round was co-led by
Brighteye Ventures and Piraeus Bank, with participation from existing investors
Point Nine Capital and Metavallon VC, bringing the company’s total funding to
approximately $18 million.
The company is expanding
beyond its origins as the “Wikipedia of Farming,” a free agricultural knowledge
platform used by more than 12 million visitors in 17 languages. It is now
developing a platform to support the full lifecycle of agricultural trade, from
pricing and negotiations to logistics, payments, and financing. Through its
“from learning to earning” model, farmers who use the knowledge platform can
also participate in the marketplace.
As part of this shift,
Wikifarmer aims to create what it describes as an operating system for
agricultural trade, a platform combining data, analytics, and transaction tools
for global agricultural commerce.
Rather than focusing
solely on digital marketplaces, the company is working to digitise multiple
stages of the trading process, including pricing, negotiations, quality
assurance, logistics, payments, and financing, with artificial intelligence
supporting many of these functions.
We are not just matching
buyers and sellers – we are using AI to restructure the supply chain and unlock
value that is currently lost to inefficiency, opacity, and outdated processes.
This round allows us to take our model global,
said Ilias Sousis, co-founder
and CEO of Wikifarmer.
AI capabilities are being
integrated across several areas of the platform. These include price
intelligence and market forecasting based on commodity data and seasonal
trends, automated matching between buyers and verified suppliers based on
product specifications and certifications, and transaction management tools
that support processes such as requests for quotes, offer comparisons,
documentation, credit risk assessment, and trade execution.
Artificial intelligence
is going to transform agricultural supply chains faster than most people
expect. We’re building a world where AI removes the friction, opacity, and
inefficiency that have defined agricultural trade for centuries – and both
sides of every transaction benefit. We intend to lead that transformation,
Sousis added.
Piraeus Bank’s involvement
represents a strategic partnership rather than a typical venture investment.
Together with Wikifarmer, it has launched FarmClick, a digital marketplace for
agricultural inputs and services in Greece aimed at helping farmers access
financial and operational resources.
The funding will support the expansion of Wikifarmer’s AI-powered trading platform, growth of its producer
network in regions such as Latin America and Africa, and the launch of
FarmClick in Greece in partnership with Piraeus Bank.