Bovonic Secures Significant Investment

Bovonic secures $940,000 investment to accelerate delivery of mastitis detection technology to dairy farmers.

With overwhelming interest in its mastitis detection technology QuadSense, Kiwi agri-tech start-up Bovonic has secured a $940,000 capital investment to help get it to dairy farmers sooner and meet the significant increase in demand.

QuadSense is an in-line, automated detection technology that enables dairy farmers to quickly and accurately detect mastitis, one of the most expensive diseases affecting the global dairy industry.

“The interest and response from New Zealand dairy farmers for QuadSense has far exceeded our expectations,” says Bovonic Founder Liam Kampshof. “The market is demanding a user-friendly, affordable solution to mastitis detection that’s easy to install and use and QuadSense is fulfilling these on-farm requirements.”

“Since we first showcased our innovation in 2021, more than 450 farmers have registered their interest in our product with 400 units already pre-ordered by New Zealand farmers,” said Liam. “With the level of demand we’ve received, we made the decision to commercially launch the technology at this year’s National Fieldays rather than later in 2024.”

Mastitis is one of the most expensive diseases impacting the dairy industry. DairyNZ estimates the cost of mastitis across the New Zealand dairy industry is $180 million per year.

While other solutions are effective, for many farmers they are cost-prohibitive. According to DairyNZ, other automatic mastitis detectors can cost as much as $3,000 per bail.

“Mastitis is a significant problem and can be a source of stress for farmers and their animals so there’s a lot to gain from detecting mastitis early. We’ve designed QuadSense to be accurate, fast, and easy to use, but at $500 per QuadSense unit, per bail, importantly it delivers an economically viable option for dairy farmers,” says Liam.

The capital round, which has been led by venture capital investor, Pacific Channel alongside Enterprise Angels, MIG Angels, and NZVC, follows an initial $750,000 investment from Pacific Channel.

liam quadsense

“The capital will be used to ramp up production, accelerate sales and get QuadSense into the hands of dairy farmers faster, so they can take control of mastitis and protect their profitability and animal health,” says Liam. “It will also allow us to start building connections overseas so we can trial QuadSense in other markets.

“The venture investment in Bovonic reflects the real need for innovative technology solutions that can improve dairy farmers’ productivity and profitability. It also shows that we are delivering on our key milestones and there is a real potential for the technology to be scaled and have a significant impact on the dairy industry.”

Key initiatives Bovonic will prioritise with this new funding include the development of advanced features such as hygiene checks and integration with rotary milking systems. The funds will also be used to strengthen Bovonic’s market presence by installing QuadSense on more farms and showcasing its value to the wider industry.

While Bovonic remains focused on its current goals, the company acknowledges the potential for future investment rounds.

“We may seek additional funding next year to accelerate our international expansion efforts,” says Liam. “Right now, our priority is Kiwi farmers and making sure they can get their hands on QuadSense as soon as possible.”

liam quadsense

Mastitis Detection Made Easy

Other Articles You May Like

bovonic test day

Bovonic Demo Day

Discover the next dairy farming innovation at the first Bovonic Demo Day! Join us for an immersive showcase of QuadSense.

Read more