AgriWebb Secures $7.2M in Funding to Enhance Digital Beef Cattle Management

Key Takeaways:

1. Substantial Investment: AgriWebb raises $7.2 million with new and existing investors, enhancing its digital livestock management capabilities.
2. Diverse Investor Support: Swedish firm Munters Group joins as a new investor alongside continued support from Germin8 Ventures, Grosvenor Food & AgTech, and Telus Ventures.
3. Proven Track Record: Previously, AgriWebb raised $40 million in funding and has a valuation history of $100 million from its Series B in 2021.
4. Broad Impact: The platform manages over 23 million head of livestock across 150 million acres in 18 countries, showcasing its extensive reach and utility.
5. Focus on Sustainability: Investment aims to bolster food production sustainability and animal welfare through advanced digital tools.

Expanding Digital Solutions in Livestock Management

Founded in 2014, AgriWebb has become a prominent figure in digital beef cattle management, recently securing an additional $7.2 million in funding. This recent investment round includes participation from new investor Munters Group, a listed Swedish climate solutions firm, and continued support from existing backers such as Germin8 Ventures, Grosvenor Food & AgTech, and Telus Ventures. This funding marks another significant step in AgriWebb’s growth, previously having raised substantial amounts in its earlier funding rounds.

Strategic Investments and Acquisitions

AgriWebb’s journey in the agricultural tech sector has been marked by strategic investments and acquisitions. Notably, in 2018, the startup raised $14 million from UK-based Wheatsheaf Group and acquired FarmWizard, a software platform specializing in livestock and dairy management. This acquisition has enhanced AgriWebb’s offerings, allowing them to expand their services beyond traditional livestock management to include other sectors such as aquaculture and greenhouses.

Advanced Features and Global Reach

AgriWebb’s platform offers features to optimize farm operations, including farm mapping, grazing management, and inventory tracking. These tools provide meat packers and retailers with critical data to reduce emissions and enhance sustainability within their supply chains. The platform is instrumental in managing over 23 million head of livestock across over 150 million acres spanning 18 countries, with significant usage in Australia, the UK, the United States, and Brazil.

A Vision for Sustainable Food Production

The latest funding is aligned with Munters Group’s strategic vision to foster an ecosystem of digital solutions that promote responsible food production. According to Pia Brantgärde Linder, president of Munters’ foodtech division, AgriWebb’s cloud-based livestock management software plays a crucial role in increasing on-farm productivity, traceability, and sustainability. It supports their broader goal of monitoring and optimizing the entire value chain, enhancing sustainability and animal welfare.