Information on the Target

Mastiline, an innovative agritech company, has successfully closed its Series A investment round, attracting funding from NOM, Doefonds Fryslân, SHIFT Invest, and members of its management team. The company is set to relocate to Heerenveen, strategically positioned near the Dairy Campus, which serves as an incubator for dairy-related innovation.

Mastiline addresses a critical challenge faced by dairy farmers: the early detection of udder infections, specifically Mastitis. This condition significantly contributes to veterinary expenses and can severely impact herd health. By utilizing advanced sensor technology, Mastiline enables dairy farmers to identify subclinical infections before they escalate, thereby enhancing herd welfare, reducing antibiotic usage, and improving overall milk yield without the need for extensive laboratory tests.

Industry Overview in the Target’s Specific Country

The Netherlands has long been recognized as a global leader in the dairy industry, renowned for its innovative practices and high-quality products. The country's dairy sector is characterized by advanced technology integration, from robotic milking systems to precision farming techniques. The combination of strong agricultural policy support and an emphasis on sustainability positions the Netherlands as a highly competitive market for agritech solutions.

Moreover, the increasing global emphasis on animal welfare and food safety continues to shape the dairy industry. As consumers become more discerning, there is growing pressure on producers to adopt practices that meet high standards of health and quality. This environment presents opportunities for innovative companies like Mastiline to contribute significantly to efficiency and sustainability within the sector.

Additionally, the Dutch government actively promotes investment in agritech through partnerships with research institutions and funding initiatives aimed at fostering technological advancements. This supportive landscape further encourages the emergence and growth of startups dedicated to improving dairy farming practices.

The Rationale Behind the Deal

The consortium's investment in Mastiline is driven by the company’s potential to revolutionize dairy farm management through innovative health-monitoring solutions. By providing early detection capabilities for udder infections, Mastiline not only addresses an urgent need in the industry but also aligns with broader trends towards enhanced efficiency and animal welfare.

This strategic move positions Mastiline to thrive in an industry that is increasingly reliant on technology to address pressing challenges. With the backing of experienced investors and access to extensive resources, the company is well-equipped for future growth and success.

Information About the Investor

NOM (Northern Netherlands Promotion) is the investment and development agency focused on fostering economic activity and employment in the Northern Netherlands. With over €80 million invested since 2016, NOM provides risk-bearing capital, location assistance, and project initiation to bolster competitiveness among regional businesses, particularly innovative companies.

Doefonds Fryslân is dedicated to enhancing the economic framework and employment opportunities within the province of Fryslân. By financing innovative SMEs through subordinated loans and share capital, Doefonds Fryslân aims to stimulate growth and innovation in local enterprises. SHIFT Invest, on the other hand, specializes in providing early-stage and growth capital to transformative companies in the agro-food sector, emphasizing sustainable and impactful innovations.

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This investment represents a significant opportunity for both the involved investors and Mastiline due to the pressing challenges it addresses within the dairy sector. As the demand for more efficient and humane dairy practices continues to rise, Mastiline’s technology is poised to meet these needs, indicating a strong potential for market adoption.

The support from NOM, Doefonds Fryslân, and SHIFT Invest not only provides necessary capital but also access to networks and expertise that will be crucial as Mastiline scales its operations. This collaborative approach enhances the likelihood of achieving long-term success and commercial viability.

Furthermore, Mastiline's focus on reducing antibiotic use aligns with global trends towards sustainable and responsible farming practices, potentially driving demand for its solutions in markets beyond the Netherlands. Overall, this deal stands out as a prudent investment likely to yield positive returns while contributing meaningful improvements to dairy farming.

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NOM, Doefonds Fryslân, SHIFT Invest and management

invested in

Mastiline

in 2023

in a Series A deal

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