Practica Capital Invests EUR1.5 Million in East West Agro (CEE and CIS)

Source: Practica Capital

Lithuania-focused venture capital firm Practica Capital has invested EUR1.5 million (approximately US$1.7 million) in Lithuania-based agriculture machinery vendor East West Agro (EWA). The transaction was part of a larger funding round, which included Sweden-based lender Swedbank, totaling EUR6 million (approximately US$6.8 million). EWA will use the new funds to become an authorized dealer of Massey Ferguson, United States-based agricultural machinery manufacturer.