# E-Farm

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/e-farm

- Industry: Internet
- Headquarters: Hamburg, Germany
- Website: www.e-farm.com
- Total disclosed funding: $12M
- Latest round: Series B (Apr 24, 2023)
- Investors on record: 1

## About

E-Farm GmbH, located in Germany, operates as an online marketplace specializing in the sale of used agricultural machinery, offering farmers and businesses a diverse selection of competitively priced equipment.E-Farm GmbH, founded in 2015 in Hamburg, Germany, functions as an online platform connecting agricultural professionals with used machinery. The firm has successfully completed 2 deals, with its most recent transaction occurring on April 24, 2023, during a Series B funding round where it raised EUR 11 million from Amathaon Capital and other investors. The company's current valuation stands at EUR 50.573 mn. The founders, Karsten Will, Lukas Jaworski, and Nicolas Lohr, have contributed to the firm’s innovative approach in the agricultural sector, while Franz Consbruch serves as the CEO.E-Farm GmbH specializes in an online marketplace for used agricultural machinery, providing an extensive range of products, including tractors, combine harvesters, balers, and telehandlers. The company combines the convenience of digital purchasing with personalized support from local experts, facilitating a seamless experience for farmers and agricultural businesses across Europe, including in countries such as Germany, France, Spain, and Greece.E-Farm GmbH generates revenue through the sales of used agricultural machinery, utilizing a transaction-based model that supports both individual consumers and businesses. Customers engage with the platform to find specific machinery, benefiting from independent quality checks and comprehensive support, including transport and documentation services. The platform is engineered to offer competitive pricing, potentially reducing costs by up to 20% compared to local market rates, thereby enhancing the buying experience for agricultural professionals across Europe.Following the recent Series B funding round in April 2023, where E-Farm GmbH secured EUR 11 million, the company is poised to strategically expand its offerings and market reach. Future plans include launching new product categories and enhancing the existing platform to support broader international operations. Specific target markets for expansion have not been disclosed; however, the funding will be utilized to bolster product development and enhance customer support services, aiming for a more comprehensive service offering to agricultural businesses.

## Funding rounds

- Series B, Apr 24, 2023, $12M — Amathaon Capital

## Investors

- Amathaon Capital (https://capitalatlas.ai/funds/amathaon-capital) — Series B