Connecterra Raises $1.8M in First Round funding
17 May 2016
Agritech start-up Connecterra Closes $1.8M Investment Round
Connecterra, the company that’s changing farming through their dairy health service, announced today that it has closed $1.8M of seed investment led by London’s advanced incubator Breed Reply, together with UAE based fund MENA Ventures (MVI) and Japan based DeNA Co Ltd, and angel investor Elias Tabet.
“A little over a year ago, we started with a vision to contribute to solving the problems that impact the future of our planet by combining sensors and machine learning technologies” commented Yasir Khokhar, CEO of Connecterra. “Today we are turning that vision into reality by bringing usable technology to farmers, helping them increase productivity and keep the herd healthier, while reducing the impact on the environment.”
“We are delighted to welcome our new investors on board”, Khokhar continued. “Their support, along with our outstanding technology team, will spur the launch of our first product making Connecterra a game-changer for this industry. We are excited about what the future holds.”
The funding will enable Connecterra to further develop their machine learning platform, and provide the company with the necessary funding to grow their team and accelerate the trial and delivery of their product to the market.
Founded in 2014, Connecterra is a tech company based in the Netherlands, that combines the power of sensor technologies and machine learning to provide a complete health monitoring service for the dairy industry. Connecterra’s end-to-end solution consists of a wearable device, which monitors the herd in real-time and transmits the data to a cloud platform for analysis and prediction of behavioural patterns. This allows farmers to free up labour time, improve milk production per animal and save a significant amount of money by optimising their breeding cycles. Connecterra is supported by Microsoft as part of their Bizspark Plus Program, and was chosen as the Alpha winner at Web Summit 2015 amongst 200 competing international startups.
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