Ag Tech Sunday - Invest in these five SproatX Ag Startups
- By: "Farm Tender" News
- Ag Company News
- Dec 07, 2019
- 780 views
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This article is bought to you by Trigger Vale Sheep Studs and Brooke's Livestock Carriers.
Welcome to SproutX investor alerts. Alerts are shared bimonthly with a closed network to communicate active fundraising events, board and advisory positions. All announcements pertain to SproutX portfolio companies, ranging from Angel, Seed to Series A opportunities. Please forward to colleagues interested in agtech investment at your discretion.
Mobble
Opportunity: Seed Raise, $300,000 (10.7%)
Company Stage: In Market
Traction: 18% MoM growth for 2019. Retention of greater than 90% year on year. Life Time Value (LTV) of $8000. per customer. Trial conversion rates at 40%
Minimum investment amount: $20,000
At Mobble, we simplify farm management for livestock producers. Allowing farmers to save time, reduce stress and increase productivity.
Tie Up Farming
Opportunity: Seed Raise, $900,000 as a SAFE note
Company Stage: In Market
Traction: Current PoC with one of the largest irrigation companies in the world. 600% increase in paying customers over 4 months. MOUs with the largest agribusinesses in Australia as customers
Minimum investment amount: $25,000
Tie Up Farming offers the only end-to-end operations platform for the horticulture industry, translating open-field farming into an accurate, yield-driven operation.
Farmapp
Opportunity: Seed Raise, $1.4M (12%).
Company Stage: In Market
Traction: $300,000+ revenue in 2019, $15,000+ MRR, more than 50 paid customers and letter of intent
Minimum investment amount: $30,000
Farmapp delivers smart pest and disease management for greenhouse agriculture, in particular the burgeoning medicinal cannabis market in South America and Australia.
Our mission is to do more with less: Less chemicals, less cost and less risk for healthy issues in a sustainable crop. We are an Integrated Pest Management software-based service for crops, combining pest scouting, sensors and automation.
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Out of Box Solutions
Opportunity: Seed Raise, $1M as SAFE note
Company Stage: Prototype Commercialisation, Early Revenue
Traction: +$100K (AUD) in revenue generated from key government body clients. 30-80% reduction in the operational costs for customers in proof of concept trials.
Minimum investment amount: $50,000
Image recognition and hardware devices for AI enabled, smart animal trapping. At OutofBox Solutions, we believe in doing well by doing good. Our products and services help improve biodiversity and reduce the impact of feral animals to farming and conservation. We are radically changing the way wildlife protection and feral animal control is done world over.
AgUnity
Opportunity: $5M
Raise: Series A, Phase 1 of 3 - Equity Crowdfunding
Company Stage: Prototype Commercialisation, Early Revenue
Traction: Four contracts with global development organisations, including World Food Programme; over $1M in revenue in 2019; $1.5M in assets; have provided tech platform for $50B Australian supermarket chain
Tackling issues of poor connectivity, a lack of digital literacy, and a lack of trust, AgUnity is an award-winning Australian tech company that has developed a smartphone and super app based solution for the world’s last mile communities, a simple mobile product restoring trust and enabling cooperation.
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