Startup · $31.6m raised
Farmland remote water and asset monitoring platform for livestock farms
Fort Worth, OS
Programs: EnergyLab (2022 Climate Solutions Accelerator)
Every investor coverage indicates participated in a round Farmbot raised.
| Investor | Rounds | Invested |
|---|---|---|
| Builders VC | Series B | - |
| Cultiv8 Livestock Technology Fund | Series B | - |
| EnergyLab | Accelerator | - |
| Fulcrum Global Capital | Series B | - |
| Level VC | Series B | - |
| Lewis & Clark Partners | Series B | - |
| Macdoch Ventures | Series B · Bridge / extension | - |
| muru-D | Bridge / extension | - |
| Telstra | Bridge / extension · Series A | $2,000,000 |
Investors whose own portfolio pages list Farmbot, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Follow[the]Seed | its portfolio page ↗ |
Companies Farmbot acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Andrew Coppin | Managing Director · Founder | SmartCompany (11 Jun 2024), SmartCompany (8 Dec 2022), Beef Central / Grain Central (8 Dec 2022), Startup Daily, Beef Central / Grain Central (9 Nov 2021) |
| Craig Hendricks | Founder | SmartCompany, Startup Daily |
Stories naming Farmbot. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of agrifood industry news: funding for Farmbot, Nbryo, Oceanloop and others, Homestead Capital's fund close, two acquisitions, executive appointments, and other sector developments.
Australian startups raised funds including Alloy Robotics, Farmbot and Atmo Biosciences. Firmus Technologies acquired Benmax while Tabcorp bought BetMakers. SafetyCulture rebranded to Mitti.
Eight Australian and New Zealand startups secured a combined $67.4 million in funding across various sectors including agtech, medtech, robotics, and fintech.
Weekly agri-foodtech roundup: raises at THIS, Tender, Ever After Foods, Farmbot and Beta Bugs; two acquisitions; Proterra's rural fund raise; grants; and AgriFORCE appointing Jolie Kahn CEO.
Weekly roundup detailing new funding for eight local startups: home lending, document verification, farm water monitoring, alcoholic drinks, freight software, leaf protein, artist content sales and organic bedding, totalling over $36 million.
Roundup of agrifoodtech news: raises across Europe, Singapore and Australia, Collaborative Fund wraps a $125m vehicle, Neutral Foods merges with Zeal Creamery, SCiFi Foods shuts down, and Aleph Farms cuts staff.
Farmbot has closed a bridge round to bankroll its push into the United States, with prior backers and fresh investors taking part, following raises in 2021 and 2022.
Agtech firm Farmbot is wrapping up a $5 million Series A+ round led by Telstra, which contributed $2 million, to fund local growth and a US launch under the Ranchbot name.
Also SmartCompany·SmartCompany
Telstra has put another $2 million into water-monitoring agtech Farmbot, its third backing of the business, to support growth and an upcoming United States launch.
EnergyLab's 2022 Climate Solutions Accelerator has taken ten Australian climate tech startups into its six-month program, backed by $750,000 in total pre-seed funding from angel investors, half again more than the prior year.
EnergyLab has picked ten Australian climate startups for its 2022 Climate Solutions Accelerator, a six-month program, with the group sharing $750,000 from angel investors.
Farmbot has sold over 5,000 water monitoring units, with COP26 lifting interest. Telstra's $1m formed part of a $2.7m raise earlier in 2021, and US trials are underway ahead of an overseas launch.
A year-end reflection on Australian agtech's 2017 rise, covering FluroSat's investment round, several startups' funding totals, SproutX's first accelerator cohort, Observant's acquisition, and the author's hopes for 2018.
Also Tenacious Ventures portfolio·Cotton Research and Development Corporation