iYOTAH Solutions secures investment from innova ag in successful series a funding round
Newnan, Georgia, February 5th, 2024 – iYOTAH Solutions, a leading data technology company, specializing in innovative and economic data-driven solutions for livestock producers and their stakeholders, is thrilled to announce the successful closure of its Series A funding round. The $2.8M round was led by Innova Ag Innovation Fund VI, a prominent venture capital firm known for its commitment to the evolution of the Ag industry through automation and digitization.
The Series A funding highlights Innova’s strong confidence and belief in iYOTAH’s vision and capabilities to provide cutting-edge data technology that connects data, people and businesses across the livestock industry. By providing actionable, economic-driven insights, iYOTAH’s nTELL platform saves time, simplifies decision making, increases efficiencies and profits and facilitates the critical thinking necessary to drive continuous improvement throughout the value chain. The investment will play a crucial role in accelerating iYOTAH's product development, advancing artificial intelligence and machine learning capabilities, expanding market reach, and strengthening its position as the market leader.
"We are delighted to partner with Innova as we embark on a momentous year for our company," said Kari Spaan, CEO and Founder of iYOTAH Solutions. "This investment not only validates the strength and value of our producer focused, data analytics and business intelligence platform, but also provides us with the resources needed to drive further innovation and meet the growing needs of our customers – livestock producers and their stakeholders."
Innova, known for its strategic investments in high-potential companies, expressed enthusiasm for the partnership. "iYOTAH Solutions and their nTELL™ platform, has demonstrated exceptional potential in the livestock industry. We are confident in their ability to disrupt the market by providing data driven technology that livestock farmers actually need and want," said Jan Bouten, Managing Partner at Innova. "This investment aligns with our strong commitment to supporting visionary companies that are poised for significant growth and drive positive impact throughout the Ag Industry."
The Series A funding comes at a pivotal moment for iYOTAH Solutions as it continues to experience rapid expansion and heightened demand for its highly scalable SaaS platform that simplifies decision making, increases efficiencies and profits and unlocks new opportunities that drive continuous improvement. The company has consistently demonstrated its ability to stay at the forefront of technological advancements, and the latest funding will further solidify its position as an industry leader.
As part of the funding, Jan Bouten from Innova will join iYOTAH Solutions' board of directors, bringing valuable insights and expertise to guide the company's strategic decisions.
About iYOTAH:
iYOTAH Solutions is a cutting-edge data technology company that specializes in solving the complex data challenges of the livestock industry. Built from the ground up with producers and industry experts, iYOTAH’s nTELLTM platform helps users save time, increase efficiencies and profits, and facilitate the critical thinking necessary to drive continuous improvement. With a commitment to innovation and excellence, iYOTAH Solutions has emerged as a key player in the livestock industry, delivering advanced analytics and economic-driven solutions that address the evolving needs of producers and their ecosystem partners.
About Innova:
Founded in 2007, Innova is an early-stage investor focused on starting and funding high-growth companies in AgTech and MedTech. The firm has invested in over 125 companies across the United States from its five investment funds, totaling over $110 million. Currently, Innova is looking to invest in novel solutions that address agriculture’s chronic labor shortage, supply chain deficiencies, margin pressures, and increased demands for transparency and sustainability.
nTELL is a trademark of iYOTAH Solutions, Inc.
For media inquiries or further information, please contact: Kari Spaan, CEO kari.spaan@iyotah.com