iRancho, a Brazilian agtech that offers efficient technology solutions for livestock management, secured a $1.4M investment from Banco do Brasil through the CVC BB Ventures, managed by MSW Capital.
The company will use the funds to modernize Brazil’s livestock industry and promote sustainable farming.
iRancho was founded in 2016, and since its inception it has provided technological solutions “that help ranchers manage their operations efficiently,” the agtech said.
iRancho’s platform is used in more than three thousand, five hundred. (3,500) rural properties in Brazil and abroad, reflecting its growing importance in the global agricultural community, reported Startups.
One of the features of iRancho is its ability to collect and analyze animal traceability and pen management data. “This allows ranchers to have more precise control over their livestock, which in turn leads to an increase in productivity and cost savings,” highlighted iRancho.
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