Ames, Iowa, August 5, 2020 – Distynct, a precision livestock farming and remote management firm for livestock facilities, has raised a $500,000 Series Seed funding round. Next Level Ventures, Farm Bureau’s Rural Vitality Fund, Summit Agriculture Group, Ag Startup Engine, and other members of the agriculture industry in Iowa participated in the raise.
Distynct offers a cloud-based barn management platform that gives livestock producers insights into their operation without needing to enter the barn itself. The online, SaaS-based platform works in conjunction with a wide variety of IoT sensors, including the ability to monitor pit levels, water flow, temperature, humidity, feed flow, in addition to live camera feeds. Distynct then connects production sites via a cellular network gateway.
Distynct is led by CEO B.J. Brugman, formerly with Elanco Animal Health. B.J. recognized the need to establish barn connectivity and real-time data collection at the barn with the objective of turning insights into action. “I’m very grateful for the core group of investors that Distynct has been able to attract and who believe in our mission to bring robust technology solutions to livestock farming. With this new funding round, I’m excited to continue in our journey to grow the business.”
The company will use the funding to expand its team, continue to develop its Artificial Intelligence platform, and launch more broadly into the U.S. swine market. Distynct seeks to have its solution installed in 100 barns by the end of 2020. As stated by Craig Ibsen, the Managing Principal of Next Level Ventures, “We are excited to partner with Distynct as they seek to revolutionize the way that livestock producers manage their farms in a less headcount intensive, data-driven manner. Our firm believes that the livestock agriculture sector is ripe for technological disruption, and B.J. and his team are working diligently towards that goal.”
About Next Level Ventures
Based in Des Moines, Next Level Ventures is a venture capital firm which invests in growing companies that are based only in Iowa. Next Level Ventures is proud and excited to contribute to Iowa’s economic development and startup ecosystem. Learn more at www.nextlevelvc.com.