SproutX

SproutX is an Australian AgTech accelerator based in Melbourne that supports and invests in startups focused on the agriculture, food, and energy sectors. Founded in 2016, it fosters collaboration among corporate partners, academic institutions, and government entities to enhance innovation in agriculture. The organization offers an accelerator program designed to empower founders in developing technologies that address challenges within the agricultural industry. Additionally, SproutX manages a national network of co-working spaces to facilitate collaboration and networking among entrepreneurs and industry experts.

Andrew Lai

Accelerator Director

Stephanie Stubbe

Venture Analyst

Past deals in Agriculture

LYRO Robotics

Seed Round in 2023
LYRO Robotics, established in 2017 and based in Eight Mile Plains, Australia, specializes in developing robotics and AI solutions for order fulfillment in warehouses and logistics. The company creates pick-and-pack robots, computer vision systems, and grippers, along with proprietary algorithms, enabling efficient handling of various items, including fresh produce. LYRO's robots are designed to operate in food supply chains, helping farmers and supermarkets streamline produce distribution, reduce waste, and mitigate labor shortages.

Azaneo

Pre Seed Round in 2022
Azaneo specializes in innovative electric weeding technology aimed at transforming weed control in agriculture. The company's devices utilize cutting-edge microwave technology to address the challenges posed by pesticide-resistant weeds, significantly reducing the need for chemical herbicides. This approach not only helps prevent yield losses caused by diseases but also allows for effective weed management regardless of weather conditions. By offering a sustainable and economical solution for farmers, Azaneo contributes to the advancement of sustainable food production practices.

Virtual Irrigation Academy

Non Equity Assistance in 2021
Virtual Irrigation Academy is dedicated to promoting sustainable irrigation practices by providing data-driven insights and practical farming tools. The company develops innovative products designed to enhance water efficiency and boost agricultural productivity. Among its offerings are the chameleon card system, chameleon Wi-Fi system, wetting front detector (WFD) solute monitoring system, and chameleon sensor. These tools enable farmers to integrate scientific principles of irrigation with their hands-on experience, ultimately fostering better water management and improved crop yields.

Ambit Robotics

Venture Round in 2020
Ambit Robotics specializes in developing modular farming robots that assist tomato growers by providing precision yield estimates and enhancing operational efficiency. Their robots are equipped with tools for accurate seeding, spraying, imaging, and fertilizing, delivering plant-level insights and ensuring task accuracy. By reducing fertilizer emissions and publishing comprehensive data from each run to the cloud, Ambit Robotics supports smallholder farmers in optimizing labor and implementing precision crop management practices. The company's focus on maximizing the price received by growers while minimizing operational costs positions it as a valuable partner in modern agriculture.

Agtuary

Non Equity Assistance in 2020
Agtuary leverages artificial intelligence to create synthetic farm records by integrating satellite, weather, and climate data. Its Agtuary Signal platform delivers advanced insights to enhance credit, risk, and investment decision-making in the agricultural sector. The platform enables the analysis of properties based on key performance indicators, allowing for a comprehensive understanding of climate, production, and operational metrics. Additionally, Agtuary simplifies the financial interactions between farmers and banks by tracking the performance of farming businesses and maintaining digital records of essential business data. This streamlined approach facilitates improved communication with financial stakeholders, thereby enabling farmers to access more efficient financial services.

FarmLab

Pre Seed Round in 2020
FarmLab, founded in 2016 and based in Armidale, Australia, provides soil testing services to agronomists, consultants, and farmers, utilizing soil science and digital mapping techniques. The company addresses the fragmented state of environmental data in agriculture, which often resides in spreadsheets or among various consultants and labs. By centralizing and digitizing this data, FarmLab enables farmers to engage in environmental markets and make informed sustainable decisions. Its integrated environmental management solution connects testing labs, field samplers, and consultants, streamlining the processes of sample collection, testing, and data mapping. This approach offers standardized and accessible data, empowering farmers with insights for improved agricultural practices. FarmLab operates across Australia and the US and has collaborated on significant projects, including partnerships with the University of Queensland and the Australian Federal government, facilitating the sampling of over 500 farms for soil carbon measurement and collecting more than 20,000 samples to enhance soil carbon estimation accuracy.

AgMesh

Seed Round in 2020
AgMesh, established in 2018, specializes in designing and manufacturing Internet of Things (IoT) sensors and hardware tailored for the Australian agriculture sector. The company simplifies sensor deployment and data capture, enabling livestock producers to adopt advanced technology for remote monitoring of grazing animals and farming activities. AgMesh's sensors, pre-configured with an inbuilt radio-frequency identification scanning system, collect data on water levels, water quality, and individual stock performance, providing farmers and managers with real-time, actionable insights.

Laconik

Grant in 2019
Laconik is an agricultural technology company that develops a platform aimed at enhancing decision-making in farming by leveraging existing data and technology. The platform integrates seamlessly with major digital agriculture systems, allowing farmers to utilize standard hardware and software from modern farm machinery. By employing machine learning algorithms, Laconik analyzes collected data to optimize fertilizer application rates, taking into account spatial variability and focusing on return on investment. This approach enables farmers to conduct replicated trials, measure the actual profitability of fertilizer use, and make informed economic decisions based on precise recommendations.

Pairtree Intelligence

Pre Seed Round in 2019
Pairtree Intelligence, established in 2018 and based in Orange, Australia, specializes in developing a universal business intelligence dashboard for the agriculture sector. Its platform, agnostic to networks, suppliers, and devices, centralizes farm data, enabling farmers and managers to make informed operational decisions. With over 80 integrations, it caters primarily to grains, cotton, and red meat sectors, providing a single site to access and manage data, enhancing oversight and capacity.

Off the Table

Seed Round in 2019
Off the Table is a travel arrangements company that operates a food marketing platform in Australia, focusing on agritourism. It connects food enthusiasts with various farms and food experiences beyond traditional restaurant dining. By promoting regional foods, the company enables customers to explore local culinary offerings and understand the origins of their food. This approach not only enhances the dining experience but also supports local agriculture and fosters a deeper appreciation for food sources.

Fresh Supply

Pre Seed Round in 2018
Fresh Supply Co. Pty. Ltd. is an Australian company based in Brisbane that offers blockchain solutions specifically for the agricultural sector. Established in 2017, the company focuses on enhancing food production and logistics systems through blockchain technology. Its services include tracking the provenance and logistics of horticultural and value-added food products, as well as providing payment solutions. Fresh Supply Co. also specializes in marketing automation and analytics, aiming to improve efficiency and transparency within the agricultural supply chain.

Provenir

Pre Seed Round in 2017
Provenir is a vertically integrated meat processing company that specializes in mobile on-farm abattoir services. By processing livestock directly on farms, Provenir enhances animal welfare by minimizing the stress associated with traditional live transport to processing facilities. This approach not only ensures the production of high-quality red meat and poultry products but also allows farmers to improve their yields. The company's commitment to ethical practices is reflected in its focus on animal care, sustainable farming, and transparency in operations. Provenir aims to foster opportunities for individuals while maintaining integrity and accountability in its business practices.

Hub & Spoke

Seed Round in 2017
Hub & Spoke maximizes animal welfare, biosecurity, and food safety by revolutionising the meat processing industry. Hub & Spoke plans to build a mobile, on-farm slaughtering service that incorporates the highest standards of animal welfare, state-of-the-art processing methods, and environmentally sustainable practices.

Iotag

Seed Round in 2017
Iotag is a technology company that provides tracking solutions for pastoral farms and heavy automobile management. Its primary product is a smart cattle ear tag that uses GPS to track bulls and cows over long distances, automating the detection of key breeding and health events. This helps farmers improve their operations, increase profitability, and enhance animal welfare. Additionally, Iotag offers a data connectivity platform for heavy automobile management, specializing in field operational performance management, IoT technology, and vehicle management services. This platform enables businesses to optimize their fleet operations, reduce costs, and improve overall efficiency.

FarmApp

Seed Round in 2017
FarmApp, based in Colombia, specializes in developing mobile applications tailored for the agricultural production industry. The company aims to enhance food production management by integrating technology into farming practices. Its primary offering is an integrated pest management platform that assists growers in monitoring biological threats to their crops. This platform combines scouting and fumigation applications with sensors and Internet of Things (IoT) automation, allowing farmers to gather and analyze data from various technological modules. By providing these tools, FarmApp enables farmers to effectively track and manage the numerous factors that influence crop health and productivity.

Stratus Imaging

Seed Round in 2017
Stratus Imaging Pty Ltd, established in 2016 and based in Forrestfield, Australia, specializes in the manufacture and sale of unmanned aerial vehicles, manned aircraft, and satellites. The company focuses on providing precision agriculture solutions, including smart farm technology, soil mapping, and geospatial imaging services. Stratus Imaging serves a diverse clientele, including the agriculture industry, mining sites, golf courses, forestry, turf farms, local councils, and government shires. By utilizing multispectral cameras and light sensors, the company collects aerial farm data across five spectral bands, enabling customers to make informed crop management decisions throughout the growing season.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.