Business Daily Media

The Times Real Estate

.

AgriWebb announces $10million investment to continue transforming sustainable livestock management


The latest investment round marks a new milestone in AgriWebb’s mission to become the most comprehensive ground-truth database for sustainable beef production 

AgriWebb, the leading livestock business management solution, has secured an additional AU$10 million, adding two more top-tier investors to an impressive list of leading agtech and sustainability investors. 

The latest raise includes the addition of premiere sustainability and agtech venture capital firms, Germin8 Ventures and iSelect Fund, bringing the total amount raised in its series B to AU$40 million. 

Germin8 Ventures and iSelect Fund join existing AgriWebb share investors including Grosvenor Food & AgTech, Telus, and The Clean Energy Finance Corporation, which focus on supporting innovative, market-leading technology partners that address critical global issues. AgriWebb’s latest capital raise has defied increasingly challenging investment market conditions, emphasising the market’s appetite for data-driven tech that can measurably impact global food security and climate realities. 

Justin Webb, AgriWebb Co-Founder and Executive Chairman said:  “Livestock producers deserve better technology to help them maximise their business and consumers need more reliable provenance for the animal and environmental welfare of their food. We know it, and the investment community reflected that dynamic. AgriWebb has always been about serving the farmers, and this round of funding doesn’t change our mission; it simply magnifies it.”

The capital has been earmarked to amplify product expansion and improvement, enabling AgriWebb to release new features and capabilities that support improved animal productivity as well as sustainable land stewardship. As a platform, AgriWebb will continue to evolve with farmers to help not only today's generation of livestock producers succeed, but the next generation as they take over management with key operational data at their fingertips. 

The latest round of funding will also fuel AgriWebb’s plans to launch and rapidly expand a unified agtech ecosystem built to address producers’ growing need to harness data-driven on-farm insights that help them command greater value for responsibly produced red meat and increased compensation for sustainable land stewardship. Early-stage partners include Cibo Labs, FarmBot, and FarmO.

“AgriWebb fits with Germin8’s thesis to invest in the full-stack enterprise software companies within AgTech that bring essential enterprise value to farmers in alignment with practices that are sustainable. There are very few software offerings capable of accelerating the regenerative agriculture practices our climate stands to benefit from, and even fewer that target livestock production rather than being at odds with it,” said Michael Lavin, Managing Partner at Germin8 Ventures. “AgriWebb is a stand-out in terms of the value brought to its customers, its top-quartile performance across a variety of SaaS benchmarks, the expansive data opportunities available to the company and the authenticity in the founders’ backgrounds deeply rooted in ranching.”

“There is a misconception that agriculture is at odds with climate, but the importance of sustainability and implementing sustainable practices is not lost on farmers and producers. In fact, for farmers, the long-term sustainability and viability of their land is of utmost importance. Talk to any landholder and you’ll understand their long-term goal is to pass on their land in better condition to the next generation,” said Mr. Webb. 

“Sustainable and regenerative practices can and do exist in tandem with productive and profitable farms, and we remain steadfast in our endeavour to support producers now and in the future through data that measures, manages and improves the sustainability of the food supply chain from farm to plate.”

With 250 new users each month, AgriWebb manages over 19 million head of livestock across 55 million hectares around the globe, including but not limited to Australia, the United States, and the United Kingdom.

Little known law offers savvy Kiwis the opportunity to supercharge their retirement savings

A little-known legal amendment is being leveraged by savvy New Zealanders and expat Brits to supercharge their retirement savings. Not many peop...

Cutting edge AI technology designed for doctors to reduce patient wait times launched in NZ

New Zealand specialist doctors now have access to Artificial Intelligence technology to help reduce patient wait times and experts say it could be...

Launchd Takes Off: Former AFL Stars Lead Tech-Powered Platform Set to Disrupt Talent and Influencer Marketing

Backed by Institutional Capital, Launchd Combines Five Leading Agencies and Smart Technology to Deliver Measurable Results Influencer marketing i...

Meet the Australian fintech unlocking rewards for small businesses

Small businesses make up 98 per cent of all businesses in Australia, yet they continue to bear the brunt of economic uncertainty. According to Credi...

Teleperformance (TP) Business Insights Report Reveals Key Shifts in Consumer Behaviour

TP’s Business Insights report  into consumer behaviors and preferences, taking in more than 57,000 respondents across 19 sectors, is shedding new li...

HubSpot launches platform-wide AI tools to help businesses close the adoption gap

HubSpot today unveiled more than 200 updates across its customer platform to help businesses grow better. The release introduces smarter tools, new AI...

Sell by LayBy