# UAB Heavy Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/uab-heavy-finance

- Industry: Financial Services
- Headquarters: Vilnius, Lithuania
- Website: www.heavyfinance.com
- Total disclosed funding: $4M
- Latest round: Seed (Mar 24, 2023)
- Investors on record: 4

## About

UAB Heavy Finance offers specialized financial solutions to empower farmers in adopting sustainable agricultural practices through innovative funding options.Founded in 2020, UAB Heavy Finance operates from Vilnius, Lithuania, focusing on providing financial support to farmers for sustainable practices. The company was established by Andrius Liukaitis, Darius Verseckas, Laimonas Noreika, and Rytis Darginavicius. In March 2023, UAB Heavy Finance raised USD 3 million in Seed funding led by Practica Capital, bringing the total amount raised to USD 3 million across 2 deals.UAB Heavy Finance specializes in offering financial solutions tailored to small and medium-sized farms transitioning to regenerative agricultural practices. Their primary product is a selection of green loans facilitating investments in soil management, modern equipment, and crop rotation strategies, aimed at improving soil health and biodiversity while supporting farmers across Europe.In the most recent year of 2022, UAB Heavy Finance reported revenue of USD 1,434,799.90, with an EBITDA of USD -1,131,201.50.Following the recent Seed funding round in March 2023, UAB Heavy Finance plans to utilize the USD 3 million for business expansion and to double its workforce. The company is also exploring opportunities to introduce new financial products designed to better serve farmers and plans to expand its reach to additional European markets by the end of 2024.

## Funding rounds

- Seed, Mar 24, 2023, $3M — Practica Capital
- Seed, Dec 21, 2021, $1M — Startup Wise Guys, Balnord, bValue

## Investors

- Startup Wise Guys (https://capitalatlas.ai/funds/startup-wise-guys) — Seed
- Balnord — Seed
- bValue (https://capitalatlas.ai/funds/bvalue) — Seed
- Practica Capital (https://capitalatlas.ai/funds/practica-capital) — Seed