Major Investment Drives Growth for iLivestock

Livestock management platform, iLivestock has received a significant investment to commercialise its offering and help more farmers access affordable monitoring technology.

Ewen Wardman, iLivestock CEO, says the business, which is already supporting beef and sheep farmers in the UK, South Africa and Argentina, has secured £1.15 million from Kelvin Capital and Scottish Enterprise to scale up its offering at pace.

“The investment has allowed us to introduce a national sales, support and back-office team, helping deliver our vision of providing high-quality modern technology with a traditional approach to customer service,” he says.

“We’re now the only company of our kind to offer a comprehensive hardware and software package on a unique subscription basis, backed with full on-farm set-up, ongoing customer support and no-quibble guarantees.” 

Mr Wardman emphasises the company’s commitment to making a real difference to farmers by supporting a precision, data-driven approach to recording and analysis of farm operations.

“Our offering, which includes a new industry partnership with Rappa, integrates software, a weigh crate, tag reader and load bars, to deliver a fully integrated solution for farmers in the UK and across the globe.”

He adds: “We sought independent investors who share our vision to help secure a sustainable future for the agricultural sector.”

Susie Fisher, Investment Director at Kelvin Capital says: “Our investment in iLivestock aligns perfectly with Kelvin Capital’s strategy of backing globally ambitious companies, that are driving innovation and creating transformative solutions within their sectors.

“We like that their affordable and integrated livestock management platform is accessible for farms of all sizes and is already supporting farmers globally to improve efficiencies and meet their objectives.”

Kerry Sharp, Director of Entrepreneurship and Investment said, “Duradiamond is a great example of the kind of dynamic innovators we at Scottish Enterprise are excited to invest in. 

“Their iLivestock platform is really helping take the farming industry into the next generation and showing how future and traditional sectors can work together for wider benefit – not only company and economy growth, but also in helping ensure food security. 

“We’re proud to be investing in Duradiamond and really look forward to seeing what the future holds for the company.”