14 September 2023
EIB and CrowdFarming sign loan to support organic growers in Europe.
THE European Investment Bank (EIB) has signed a venture debt loan of €15 million, backed by the InvestEU programme, with CrowdFarming, an online platform for European growers to sell directly to end-consumers.
The EIB financing will help to boost the research, development and innovation (RDI) activities of the company by enhancing their digital marketplace and developing tools that promote sustainable agricultural practices across Europe, and a more sustainable and fair food supply chain.
Growers set their own prices and customers get fresh, organic, in-season food delivered straight from the farms to their doors. CrowdFarming provides growers with a website, logistics, customer service, training and marketing support. They are selected by agronomists (acting as farmer-hunters) who ensure that they meet required sustainability, quality and production standards.
CrowdFarming has also become a main selling channel for pioneering growers who implement regenerative practices that are good for the environment and biodiversity.