The Venture Codex

Participated · Equity · Sep 2021

Ixorigue develops a hardware and software solution built around an intelligent collar that collects location and activity data from extensive cattle and sends it to the cloud via low‑power long‑range networks (NB‑IoT and LoRaWAN). The company applies algorithms and Big Data/AI to detect heat, pregnancy, birth, disease, loss and death, and delivers alerts to farmers via a private web area and WhatsApp. Ixorigue emphasizes a simple, low‑cost and durable product designed for rural IoT conditions. The recent financing will be used to accelerate product development (software and hardware) and to scale the commercial team. Management states the goal is to consolidate the company’s position in Spain and support international expansion across Europe and Latin America. The article highlights a target market opportunity of roughly 350 million head of cattle across those regions and notes the company was born in Benasque with headquarters in Madrid.