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Converte: $4m Capital raise

Opportunity for

  • Venture capital, corporates, private equity, and angel investors to support the transition from a “direct to end user” business model to leveraging established B2B channels.
  • Strategic partners with access to international markets in India, Middle East, the USA and the United Kingdom.
    ^This opportunity is only for professional and sophisticated investors.

Opportunity description

Industry challenge

The core challenge Converte are addressing is the future sustainability and resilience of the agriculture sector in the face of a changing climate and a transition to low carbon farming. We have reached a tipping point whereby the chemically intensive farming system needs to transition to a lower carbon footprint. Carbon intensive chemical inputs need to be used more efficiently and with less environmental impact on waterways, soils and on human health. Soils are compacted and unable to function properly, struggling to retain moisture and cycle nutrients. As a consequence, crops are increasingly vulnerable to abiotic and biotic stresses, yields are lost and farmers are under increasing financial pressure. Both 2030 and 2050 climate targets are looming, and agriculture needs to respond, reducing the overall carbon footprint and at the same time building resilience to increasing climate related stresses.

Converte’s solution and Unique Selling Proposition is a range of super concentrated bio logical inputs for seed, soil and plants designed using novel natural ingredients, organically certified, and with a two year shelf life. Their biological products activate and increase the abundance of soil biology (with improved Fungal : Bacterial ratios), improve soil moisture retention, enhance nutrient availability and cycling and improve the nutrient use efficiency of applied fertilisers and chemicals. The result is lower carbon footprint farming, improved soil health, greater plant resilience, retained yield and improved profit margins for the farmer.

Current opportunity

Converte are currently seeking AUD$4.0 million to expand their business domestically and internationally. Converte is seeking interest from VC, Corporate and Strategic Partners who can support them in delivering their leveraged growth strategy.

Converte is seeking an investor / strategic partner that can give us leverage in the Australian market to move the business from B2C to focusing on B2B channels. They are also interested in talking to potential partners that can assist in their international efforts in India, the Middle East, the USA and the United Kingdom.

Investment documents are available to interested parties under a signed NDA.

*To find out more about this opportunity you can send us an enquiry via the "Enquire now" button

Opportunity background

Converte Products are complex blends of multiple natural inputs designed to drive numerous biochemical pathways fostering soil and plant health and plant productivity. Converte have developed solutions that compliment existing practises, are extremely easy to implement and involve very small super concentrated inputs e.g. seed primer at 500ml per tonne of seed, and Plantfood soil bio-stimulant at 250ml per hectare.

Their products are easy to handle and cost effective to freight with minimal water content. The products can be tank mixed with other farm inputs saving the farmer time and money. On adoption the products offer an average ROI to the farmer in excess of $100 per hectare.

Coupled with smart design and product presentation, Converte have strong data sets and an evidence based science foundation that supports product efficacy. A five year PhD study and more than 100 independent trials completed gives Converte a competitive edge.


^Professional and sophisticated investors as defined in the Corporations Act 2001 (Cth). The content of this opportunity is intended for use by persons having professional experience in matters relating to investments and must not be acted or relied upon by any other person including, without limitation, retail clients.

Opportunity type

Seeking investment, Seeking partners

Express interest by

Wednesday, 31 July 2024 12:00 Australia/Sydney

Readiness

Late (TRL 8-9)
Commercial optimisation of the product/service, testing and commercial distribution.
What does this mean?
Describes the stage of the challenge or opportunity being pursued.

Opportunity led by

Multiple industries
Beef cattle Cereal grains Cotton Dairy Fruits Honey bees Nuts Pasture, fodder & feed Pulse grains Sheep & lamb Vegetables Wine
evokeAG. Alumni

Converte Pty Ltd.

Converte Pty Ltd. is a privately owned company, founded in 2011 based on intellectual property developed in the toughest Australian farming systems. We offer a proven range of Bio-Agri solutions to assist farmers in transitioning to and sustaining regenerative farming systems.
  • Location

    New South Wales

  • Organisation type

    Startup or Scaleup or SME

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