November 5, 2018
Evonik invests in precision livestock start-up for poultry
OPTIfarm is already generating revenue through delivering round-the-clock monitoring of poultry houses, ensuring better animal welfare, improving livestock performance and enabling fail-safe operations. OPTIfarm's team uses whatever imagery, automation and sensors that are already available, including temperature, water and feed. This allows checks to take place from afar.
"We are impressed with the global commercial success that OPTIfarm has already achieved," says Bernhard Mohr, head of Venture Capital at Evonik. "Evonik possesses the ideal experience and expertise to support OPTIfarm through further growth."
The OPTIfarm services and business model was developed by poultry producer and entrepreneur David Speller as part of his existing business. Speller said, "I am delighted that the investment from Evonik enables OPTIfarm to now operate as a focused standalone company. With heritage as a poultry producer and a unique pay-as-you-go business model, OPTIfarm is now positioned to serve a larger number of poultry farmers."
"OPTIfarm is an excellent strategic fit for Evonik's developing precision livestock business," says Emmanuel Auer, head of the company's Animal Nutrition business line. "Supporting customers in improving performance and sustainability strengthens our Animal Nutrition growth engine."
As part of its venture capital activities Evonik plans to invest a total of 100 million euros in promising start-ups with innovative technologies and in leading specialised venture capital funds. The focus here is on Evonik's Health & Care, Smart Materials, Animal Nutrition, and Specialty Additives growth engines as well as on digitalisation. Evonik currently has investments in more than twenty start-ups and venture capital funds. Further information is available at http://venturing.evonik.com/