Equitrace, the horse health and tracking app founded by Kevin and Jennifer Corley, husband and wife of Kildare, has raised a Series A funding round of 1.25 million euros.
Among the backers are an angel investor union led by Brendan Nevin, former CEO of AA Ireland, who previously worked for Bank of Ireland, Eircom and Coca-Cola. Another funder is Ascot Capital Partners, the investment firm of which Waterford technology investor Martin Dunphy is the executive chairman. Enterprise Ireland has also invested € 250,000 in the startup.
Last week, the firm was listed in the Independent Sunday ”list of the 20 best agrotechnology innovators. Last month, the company announced a partnership with the animal health division of U.S. pharmaceutical giant Merck (known as MSD outside the United States), which saw interest in the company grow there. down and in Europe.
Nevin said he was impressed with the Corleys’ extensive knowledge base and the fact that they had built a functional product and service – with help from the Cork Institute of Technology – that very satisfied customers were using. More than 19,000 horses are registered there.
Founded in 2019, the app – which is used by Irish trainer Dermot Weld – provides a digital medical record, while also enabling location tracking and temperature monitoring.
Jennifer Corley, an equine surgeon who previously founded a veterinary applications company (Kevin is an internationally renowned equine doctor) said the company is in the process of finalizing an advisory board, while looking to hire a business manager.
The regulations are likely to encourage the adoption of Equitrace, she said.
“Vets have a regulatory change coming in January, while Merck is investigating the potential of its use for farm animals, cats and dogs.
“Regulations are getting tougher in the EU. He is seeking to restrict the use of antibiotics in horses due to concerns about antibiotic resistance. Compliance will become increasingly important.
“We are also proud to participate in an elephant health surveillance trial in Myanmar. There is another potential for this to be used for zoo animals as well.
“With our app, the records provide a way to demonstrate to regulators and inspectors that animals are cared for responsibly and correctly,” she added.