As 2023 comes to an end, our CEO, Laimonas Noreika, reflects on how far HeavyFinance has come in just a year, and the strides we’ve made in advancing sustainable agriculture and climate-conscious investments.
What an exceptional journey it has been for HeavyFinance!
Our year commenced with a remarkable achievement — securing €3 million in a highly successful seed funding round led by Practica Capital. This funding played a pivotal role in advancing our commitment to the shift from conventional to regenerative farming practices.This came as we launched our innovative Green Loans, providing farmers with 0% interest loans to facilitate their transition to regenerative agriculture.
As the year draws to a close, we take pride in having financed 72 diverse projects, channelling a total of €4 million to drive impactful initiatives.
We made valuable partnerships.
Collaborating with Agricarbon has allowed us to delve deeper into sustainable agriculture practices, utilising advanced techniques to analyse soil samples. This, in turn, empowers our farmers with valuable insights, fostering improved soil health and optimising carbon sequestration. Moreover, our partnership with Clearblue Markets sets the stage for a significant milestone in the upcoming year, as we eagerly anticipate the sale of our inaugural carbon credits in the first half of 2024.
We became the first company in Lithuania to obtain the European Crowdfunding Service Providers (ECSP) licence, marking a pivotal moment for us. This simplifies our financial service expansion across Europe while ensuring investor protection, transparency, and operational excellence.
And our recent celebration of financing of over €50 million in agricultural projects showcases the impact we are making in fostering sustainable practices within the industry.
With the introduction of Green Loans, our team doubled, welcoming world-renowned agronomists, analysts, and legal experts. We also gained the expertise of Mantas Mikuckas, co-founder of Vinted, as he joins us not only as an investor but also as an advisor.
Vision for 2024
Looking ahead, envisioning the path that lies before us, I am inspired by the prospect of generating carbon credits from agriculture in Europe in 2024. Our unwavering commitment to supporting the Sustainable Development Goals (SDGs) remains steadfast. We are dedicated to making agriculture sustainable for society, fostering an eco-friendly world that is on track to achieve net-zero emissions.
I extend my heartfelt gratitude to our investors and the dedicated HeavyFinance team for their tireless efforts and unwavering support throughout this transformative year. Together, let us embark on the challenges and triumphs that 2024 holds, propelling HeavyFinance to even greater heights.