Meet an Unreasonable Venture
Goanna Ag
Delivering the next generation of smart farming practices
Goanna Ag is an Australian AgTech company providing the next generation of smart-farming practices to optimize water-use efficiency.
To support an increasing global population, farmers need to grow more crops with fewer inputs. Goanna Ag has developed a powerful platform called "GoField" that uses hardware and software to identify, manage and forecast crop stress. That insight allows farmers to optimize irrigation timing and further enable sustainable farming.
Once GoField is deployed on a farm, farmers see an increased crop yield of 10–40% while also saving 35% of water usage. Ultimately, Goanna Ag costs the farmers $25/hectare while delivering a value of $260/hectare back to the farmer.
Notable Achievements
- 60+% of the Australian cotton industry use GoField to manage their irrigation practices.
- Raised $11M in funding to date. Investors include GrainCorp, Australia's largest commodity trader, and WestPac.
- Executive team has started up four successful businesses with two successful exits and one business realizing $800M plus revenue in FY22.
Currently Operating in Two Regions
Press Mentions
August 8, 2023
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