News and Announcements
AgTech with 1,200% Revenue Growth since 2019 | $4.3M Already Raised
- Published October 19, 2021 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
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We have to give things a go. If we don’t, we don’t go anywhere. Nearly 5 years ago as a regional entrepreneur, I decided to create a product that removed risks and put farmers more in control. I’ve done a lot of things in my career — mustering, finance, logistics, property, and aviation. I’ve started businesses a number of times and achieved fantastic successes as well as some sobering failures. Everything I’ve done has trained me to do this. Now we’re going somewhere — even in the middle of nowhere.” Mark Peart, Founder and CEO, DIT AgTech |
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Executive Summary DIT AgTech is a Queensland-based livestock technology company that specialises in water supplementation for the Australian livestock industry. The company provides farmers with proprietary nutritional supplements and dosing devices, utilising IoT monitoring to increase animal production and welfare using subscription-based revenue models. Its products reduce the traditional cost of supplementing cattle from A$0.40 to A$0.08 per head per day. DIT AgTech transacts with the largest corporate beef and sheep producers in Australia. Investment Highlights
Investment Offering DIT AgTech is raising A$8M in the form of a convertible note returning an 8% p.a. return and a 25% conversion at IPO within the next 6 to 12 months or 30% thereafter until June 2024. Funds will be used to scale up DIT Agtech and continue to grow revenues and acquire customers in Australia. |
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