News

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.

Manish <span>Content Strategist</span>
Written By
Manish Content Strategist

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.

Featured Success Stories

News

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

Featured Success Interview

Interview

Interview With Coyote Jackson, Director of Product Management, PubNub

MAD Team 4 min read  

MobileAppDaily had a word with Coyote Jackson, Director of Product Management, PubNub. We spoke to him about his journey in the global Data Stream Network and real-time infrastructure-as-a-service company. Learn more about him.

Interview

Interview With Laetitia Gazel Anthoine, Founder and CEO, Connecthings

MAD Team 4 min read  

MobileAppDaily had a word with Laetitia Gazel Anthoine, Founder and CEO, Connecthings. We spoke to her about her idea behind Connecthings and thoughts about the company’s services.

Interview

Interview With Gregg Temperley, Founder Of ParcelBroker App

MAD Team 4 min read  

MobileAppDaily had a word with Gregg Temperley, Founder. We spoke to him about his idea behind such an excellent app and his whole journey during the development process.

App Development

How to Implement Artificial Intelligence and Machine Learning in an Existing App?

MAD Team 11 min read  

AI is for decision making, and ML makes the system to learn new things from data.

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH
Join our expansive network, build connections and expand your brand presence.