An incredible three weeks!

As some of our readers know, we recently launched our world-leading second AgTech product – Body Condition Scoring (BCS) – on 1 February 2025.

On the same day, we also launched our $5M USD capital raise (post-raise valuation: $33M) to fund our expansion into the USA with our proven AI/AgTech technology, with expectations of attaining an ARR in excess of $20M by December 2026.

Here’s a quick update on our progress over the last three weeks:

• More than 100,000 cows have registered for BCS, far exceeding expectations.
• We initially expected only 30% of farms to bundle our lameness product with BCS; however, market demand is now at 60-70% for both products.
• The higher-than-expected influx of new cows and strong demand for both products have led management to project that Herd-I will reach breakeven well ahead of the June/July 2025 target.

Over the past fortnight, we have been inundated with investor interest in our capital raise. As a result, we now expect to close the raise ahead of our 31 March 2025 forecast date.

If you are interested in the capital raise, please email [email protected] for access to the data room so you don’t miss out.