DAS receives investment to expand footprint in Canada
MELBOURNE/VANCOUVER: 14 March, 2023 — DAS (Digital Agriculture Services) announced today an investment from TELUS Ventures, the strategic investment arm of TELUS Corporation (TSX: T, NYSE: TU) and one of Canada’s most active corporate venture capital funds.
Established in 2017 in partnership with CSIRO (Australia’s national science and research agency), DAS is a fintech company focused on agriculture, operating at the intersection of digital transformation, nature-based peril and global food security. It is the only platform on the planet to automate the data agri-financial services explicitly needs to build better businesses, manage risk and grow sustainably. DAS’ Platform and Data Products deliver value to its agri-financial services and agri-enterprise customers in three core ways: digitising & transforming internal processes, strengthening risk management and driving targeted growth.
The investment from TELUS Ventures will support DAS in scaling globally, including expanding its subscription-based Software as a Service (SaaS) and data products for agri-enterprise. This includes the opportunity to expand into North America, as well as commercial opportunities to partner with TELUS Agriculture & Consumer Goods, which works with 5,400+ customers across more than 50 countries.
DAS co-founder and CEO Anthony Wilmott said: “This is a significant milestone and marks the beginning of a relationship that we believe is of great mutual benefit, with good growth synergies and commercial opportunities. Partnering with TELUS Ventures will enable us to scale our ambition, globally.”
“Through our investment we expect DAS will bring meaningful positive change to agriculture and its supporting financial services sector,” says Mario Mele, Vice-president, TELUS Ventures. “DAS is already helping the agri-enterprise industry and the financial services materially transform the way it lends, insures, invests finance and allocates capital in a world with increased concerns associated with global food security."
DAS is a technology company that delivers location intelligence for financial services and enterprises, with a unified system of data, insights, software and CRM integrations. We are a new kind of technology company. A product-focused fintech, we are accelerating innovation across the entire agri-enterprise ecosystem.
Decision-makers use our unique ecosystem of products and services to get the multi-dimensional intelligence they need to lend, insure, invest and sell better in a dynamic climate. 140+ customers including ABS, Rabobank, IAG, Nutrien, Cargill, Viterra.
Five years ago, DAS pioneered its vision for the Rural Intelligence Platform™, transforming how decisions are made in the businesses surrounding agriculture for a safer, more resilient, more prosperous, more sustainable world. Today, DAS’ platform has evolved to meet an acute area of need for financial services and agri-enterprise, with 140+ customers including Rabobank, IAG, Australian Bureau of Statistics (ABS), Nutrien, Cargill and Viterra. Integrating location intelligence, climate, productivity, sustainability, risk and carbon data, it offers the multi-dimensional intelligence they need to lend, insure, invest and sell better. https://digitalagricultureservices.com/
Sarah Gorman, Strategy & Head, Marketing, DAS
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