Livestock data platform Breedr has raised £12m in a funding round led by Investbridge Capital via its AgTech Fund. Additional investment came from previous backers LocalGlobe and Forward Partners, as well as its recent crowdfunding.
Breedr is a data analysis tool for farmers to record animal information using their phone. The data collected can then be used to improve efficiencies and sustainability. Farmers can also sell animals through the live trading platform and use them as a cash-flow product.
One of Breedr’s new products is a data financial tool called ‘Breedr Impact’, which lets farmers release equity from their livestock to expand their business.
Breedr will use the funding to develop its financial products and for international expansion into the Australian and US markets.
“We have created Breedr to put data at the heart of farming,” said Ian Wheal, founder and CEO, Breedr. “By enabling farmers to grow healthier animals, we’re transforming the industry: allowing farmers to use their animals to make investments in their farms, improve trading and provide…
