Herdwatch, the Ag-Tech company based in Co. Tipperary, has secured a multi-million euro investment, the Irish farm management software company has announced.
The capital injection was backed by Renatus Capital Partners and will be used as part of a planned expansion.
The livestock management platform is used on over 18,000 farms in Ireland and the UK, and digitalises livestock farming, helping farmers save time and eliminate paperwork.
“We are extremely proud of our achievements to date, but there is so much more we can do to help farmers across the world. We have the ambition, fantastic people on the team, and now the balance sheet to match.
Herdwatch currently has a team of 60 people and plans to increase this to 80 over the next two years to support their international growth and farm digitalisation efforts.
The company’s technology is used on 18,000 farms here and in the UK. It digitises livestock farming by cutting out paperwork and helping farmers to make better decisions based on data.
It recently launched a new platform for sheep farmers called Flockwatch which is to roll out in the US, Canada, New Zealand and Australia soon.
The company claims that on average farmers save three hours of paperwork a week by using the app.