Australian agtech startup expands to Denver following $23M funding round

Coming on the heels of a large fundraise earlier this year, an Australian agtech startup is putting down roots in Denver for its first North American office. AgriWebb, a ranch management software company, announced its official launch in the U.S this week with a new Denver HQ.

“Our mission at AgriWebb has always been to improve the lives of ranchers, large and small, through technology. We've seen the impact our technology can have with over 5,000 ranchers using it and are excited to now empower American ranchers to leverage their data to grow their businesses profitably and sustainably,” Kevin Baum, CEO & co-founder of AgriWebb, said in a statement.

In January 2021, AgriWebb announced it had raised $23 million in a Series B funding round, to accelerate its global expansion, with an emphasis on the U.S. The company, founded in Australia in 2014, has a team of 55 in Sydney, London and now Denver. AgriWebb already has thousands of ranchers across the world on its platform and is hoping to tap into the U.S. market with this move.

Digital solution
The company’s platform helps ranchers replace handwritten notebooks and optimize their operation with a digital solution.

Instead of manually collecting, organizing and analyzing data through pen and paper, ranchers can input records into their mobile devices both online and offline, providing access to real-time insights. With this data, AgriWebb helps ranchers to make better decisions around stocking rates, feed costs, gross margins and more.

Globally, AgriWebb said its users report increased annual output productivity on average of 7.5% per year as measured by contributions from livestock weight gains, fertility and data-driven decision making. This equates to saving individual ranchers around $50,000 and over 204 hours on average per year.

“The modern livestock industry is much more complex than generations prior; What was once manageable with notebooks now demands more information,” Travis Maddock, president of Dakota Global Consulting and a fifth-generation rancher in North Dakota, said in a statement. “AgriWebb provides real-time analysis so that ranchers can adapt to the ever-changing market design and increase productivity, traceability, and sustainability."

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