Key Takeaways:
- Inform Ag has completed a $7 million funding round led by Rural Funds Group (ASX: RFF).
- The investment will be used to enhance product development, expand market reach, and drive further innovation in agricultural technology.
- Inform Ag has appointed David Bryant and Stuart Kilduff to its Board of Directors.
- The company experienced a 300% revenue growth in the past financial year, reflecting its strong market position.
Inform Ag, a provider of agricultural technology solutions, has announced the successful completion of a $7 million funding round, led by Rural Funds Group (ASX: RFF). This investment aims to bolster Inform Ag’s growth, allowing the company to enhance its product offerings and better serve the agricultural community.
Focus on Innovation and Efficiency
Founded in 2012 by Jennie Savill in Goondiwindi, Queensland, Inform Ag has focused on developing technology solutions that help farmers and agribusinesses optimize their operations. The company’s flagship product, an irrigation control and automation system, is designed to increase efficiency, reduce operational costs, and improve data visibility for informed decision-making. These features are particularly valuable in remote locations where robust communication and safety are essential.
The company has reported a significant 300% revenue growth in the last financial year, underscoring its strong market presence and the effectiveness of its solutions.
Strategic Investment and Expansion
The $7 million investment from Rural Funds Group will be strategically allocated to support Inform Ag’s expansion efforts. The funding will enable the company to accelerate the market launch of new products, enhance customer support, and drive further innovation in agricultural technology. Inform Ag plans to use this capital to continue its development of cutting-edge solutions that address the evolving needs of the agricultural sector.
In addition to the financial investment, Inform Ag has also announced the appointment of David Bryant and Stuart Kilduff to its Board of Directors. Both bring extensive experience and strategic insight to the company, which will be valuable as Inform Ag explores new opportunities and ventures into emerging markets.
Comments from Leadership
Steve Lockyer, CEO of Inform Ag, expressed optimism about the company’s future following the investment. “The investment from Rural Funds Group not only validates our vision and the work we’ve been doing but also provides the resources needed to scale our operations and bring innovative new products to market more rapidly. We are also honored to welcome David Bryant and Stuart Kilduff to our board, and we look forward to their contributions as we continue to develop our offerings.”
David Bryant, Managing Director at Rural Funds Management, noted, “RFM has been a customer of Inform Ag for two years as it develops 3,000 ha of macadamia orchards in Queensland. We’re pleased to make this financial investment which will be used to support Inform Ag’s growth, as well as working alongside their team for further product development.”
