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Exoflare raised $5.3 million in a Seed round led by Salus Ventures to digitise biosecurity threat management in food and agricultural industries.

Jul 15, 2024about 1 year ago

Amount Raised

$5.3 Million

Round Type

seed

SydneyAgriculture and Farming

Investors

Malcolm Nutt’s Regional Agtech Vc Cultiv8 Funds ManagementPrecision GroupCia Backed Us Vc In Q TelFormer Rabobank Australia Boss Peter KnoblancheTesla Chair Robyn Denholm’s Wollemi CapitalWoolworths Venture Fund W23Harris Farm’s David And Cathy HarrisSalus Ventures

Description

Exoflare, a biosecurity threats software startup, raised $5.3 million in a Seed round led by existing investor Salus Ventures. Other investors include Harris Farm’s David and Cathy Harris, the Woolworths venture fund W23, Tesla chair Robyn Denholm’s Wollemi Capital, former Rabobank Australia boss Peter Knoblanche, CIA-backed US VC In-Q-Tel, Precision Group, and Malcolm Nutt’s regional agtech VC Cultiv8 Funds Management.

Company Information

Company

Exoflare

Location

Sydney, New South Wales, Australia

About

ExoFlare enables the Agricultural and Food sector to simply and effectively manage biosecurity risks in real time, while meeting reporting requirements. The result is improved preparedness, new operational efficiencies and business continuity.

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Funding Insights

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers