AgriWebb raises $30 million for sustainable livestock drive

Johnson Winter & Slattery has advised AgriWebb on a $30 million capital raising in a round led by TELUS Ventures, the strategic investment arm of Canada’s TELUS.  One of the largest private funding rounds of 2021 so far.

AgriWebb provides cloud-based farm management software that helps farmers digitise their business and enable data driven decision making to increase productivity, traceability and sustainability. The company was founded by Justin Webb, Kevin Baum and John Fargher in 2014 and now manages over 14 million cattle across 100 million acres worldwide, including more than 15 per cent of Australia’s national cattle herd.

Other funders in the round include the Australian Government-backed Clean Energy Finance Corporation, The Duke of Westminster’s agtech investment fund, The Wheatsheaf Group, and private investors such as the founder of Dunbia, the European meat processor. Funds will go towards helping AgriWebb accelerate its growth, initially focusing on the UK and the Americas.

The Johnson Winter & Slattery team was led by Partner Amit Jois and included Partner Ravi de Fonseka, Special Counsel Andrew Ricciardi and Associate Katherine McNamara.

“AgriWebb was started to help drive productivity and sustainability in the agricultural sector. It has grown to be a $100 million business and we are delighted to have been able to support the company on this round of funding and its next phase of growth.”

-ENDS-

About Johnson Winter & Slattery

Johnson Winter & Slattery is an independent national Australian law firm with over 65 partners and offices across Australia. We advise major Australian and international corporations and investment funds on their most challenging transactions and disputes across Australia and surrounding regions. Working closely with clients, knowing their business, and appreciating their commercial objectives, we tailor our approach to deliver cost-effective commercial outcomes.

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Daya Knapton, Communications Manager E: Daya.Knapton@jws.com.au T: +61 2 8247 9638

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