Livestock App Breedr Secures £2.2M In Funding
Mobile App

Livestock App Breedr Secures £2.2M In Funding

Breedr app engages machine learning to help the farmers.

 Livestock App Breedr Secures £2.2M In Funding

Breedr, a livestock app has successfully bagged £2.2 million in a new seed round of funding. The Investment round was infused by LocalGlobe, a London-based venture capital firm. The funding also included an Innovate UK grant of £236,000.

The other participants in the funding were from Mons Investment and the angel investors like Ian Hogarth, Darren Shapland, and Jonathan McKay.

The Forward Partners and Michael Pennington had earlier backed Breedr and still, they are with the company.

The company is leading the mission of bringing the technology like machine learning into the livestock industry and improve productivity.

Ian Wheal, co-founder and CEO of Breedr, said,

Breedr is an app that helps the farmer to churn out more profit by managing animal data. Through this app, the company aims to blend the livestock industry with the digital age and thus to focus on improving the farmers' profitability.

He further added,

Initially, the farmer needs to input all the data of their livestock into Breedr app, and in return, the app assists the farmer by improving overall efficiency. Also, the Breedr app helps the farmers to sell their livestock at the right time and maximum price.

With the seed funding, Breedr will focus more on the meat supply chain market and include blockchain, smart contracts, and machine learning.

The grant of £236,000 by Innovate UK is directly an effort to add on to the “Smart Contracts” system for the meat and livestock domain. The company will administer the flows of data and transactions of the livestock industry by using blockchain or distributed ledger technology (DLT).

The company has right added the technology to the agricultural sector, and with the current pace, Breedr will serve similar industries in the future as well.

Tanya (Editor In Chief)
Written By

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Mobile App

PolyAI Raises $12M In Series A Funding

2 min read  

PolyAI, the London-based startup has raised $12 million in Series A funding. With the new injection of funds, the startup plans to deploy its technology to customer support contact centers.The latest funding round for PolyAI was led by Point72 Ventures, which also included Sands Capital Ventures

Mobile App

DoorDash Valuation Boost To $7.1B With The Latest Funding Of $400 M

2 min read  

Food delivery companies are turning heads in the investment world by raising a large pool of funds. Recently US food delivery giant DoorDash new funding reached $400 million. In DoorDash series F funding, Temasek and Dragoneer Investment Group were the major investors. The total capital of DoorDash

Mobile App

GoCardless Goes Big With $75 M In Series E Funding

2 min read  

GoCardless, the payment gateway company announced a fresh injection of $75 million in Series E funding, which was co-led by Alphabet's venture arm GV and private equity firm Adams Street Partners. Existing investors Accel, Balderton Capital, Notion Capital, and Passion Capital also contributed.

Mobile App

AI-Driven Chat-Based Hyperlocal Services App Dunzo Raises $3.1M In Series C Funding

2 min read  

Artificial Intelligence-driven on-demand task manager app Dunzo has raised $3.1 million in a Series C funding round. The investment round was led by Milestone Trusteeship Services, N Lakshmi Narayanan (former Cognizant CEI), Monika Garware Modi, and the Raintree Family.The startup which was foun