3 years ago
Breedr Raises €14.3 Million to Help Farmers Improve Productivity and Sustainability
UK-based Breedr, a precision livestock trading and analytics platform, has raised €14.3 million in equity and debt led by Investbridge Capital
The company aims to help farmers improve productivity, sustainability, and cash flow using its data platform and app.
ProblemTechnology
"Farmers are struggling to access finance, which is holding them back from making investments in their operations, such as introducing sustainable practices or improving practices that would make them, and the overall supply chain, better off in the long term. Livestock emissions make up around 15% of all human-made emissions globally each year and demand for meat consumption is increasing, creating a need for a more sustainable and efficient supply chain to slow the rate of global warming."
Solution
"Breedr is a data management platform that helps farmers improve livestock productivity, sustainability and cash flow. Breedr provides farmers with a free app and platform to record everything they need to know about their animals, including weight, genetics, health and medication. Breedr's powerful growth algorithm and benchmarking tools use this data to predict the future growth of animals, guiding farmers on how to grow healthier animals and plan finishing dates. Breedr Impact is a data-driven financial product that allows farmers to release cash from their livestock in order to invest in expanding their business. Breedr Impact allows farmers to access capital based on the data they use to grow their own farms – the first time it has been possible to utilise data to track livestock as an asset."