About SproutX
SproutX, an accelerator and incubator program founded in 2016, is based in Melbourne, Australia. With a presence in 4 countries, it has supported around 28 startups in sectors like Food and Agriculture Tech, High Tech. As of Apr 2026, SproutX has witnessed 1 portfolio exit. Most notable companies in
its portfolio include TeleSense, AgMesh and PairTree. The program primarily supports Seed startups based in Australia. Its latest investment was a Undisclosed Seed round in Smart Foal on 2019.
Key Metrics
Founded Year
2016
Location
Melbourne, Australia
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
SproutX's List of Top Investments
SproutX has a portfolio of 28 companies. Their most notable investments are in Smart Foal and Mobble.Their portfolio spans across Australia, United States, Colombia and 1 more locations. They have invested in Food and Agriculture Tech, High Tech, Enterprise Applications and 7 other sectors, across stages such as Seed stage. Here is the list of top investments by SproutX:
1. TeleSense
Agricultural commodity monitoring solutions using wireless sensors and advanced analytics. The company provides grain managers with actionable insights about their stored grain, enabling informed storage decisions. They offer a suite of sensors that continuously monitor grain conditions and send alerts to a software application accessible on computers, smartphones, or tablets. The company also retrofits traditional temperature cables to make them wireless. Their solutions address issues like excessive moisture, mold, and insects, simplifying grain quality management in storage. By analyzing data such as current grain conditions and local weather, they provide specific recommendations for grain quality management. They offer features like grain conditioning, spoilage detection, and risk zone detection. The company's products cater to various storage types, including bins, silos, piles, and bunkers. They also monitor potato and seed storage, ensuring optimal conditions. The company's services reduce manual effort, save time, and proactively manage grain quality, maximizing profitability. This is a SaaS based solution.
Key facts about TeleSense
- Founded Year: 2013
- Location: Sunnyvale (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $20.7M
- Employee Count: 15 as on Mar 31, 2026
- Investors: Mindset Ventures, THRIVE and 14 Others
- Latest Funding Round: Series B, Oct 22, 2020, $*****
- Highlight: Acquired
2. AgMesh
AgMesh is a technology company that designs and develops Internet of Things-enabled hardware and software solutions for the agricultural sector. Its portfolio comprises a water level sensor for livestock which includes an inbuilt RFID scanning system that allows the farmers to remotely monitor grazing animals by using the RFID numbers within each RFID ear tag.
Key facts about AgMesh
- Founded Year: 2018
- Location: Melbourne (Australia)
- Stage: Funding Raised
- Employee Count: 1 - 10 as on Jul 01, 2024
- Investors: Artesian, Clean Energy Seed Fund and 1 Other

3. PairTree
Provider of farm analytics and monitoring solutions. It allows data stacking and allows users to compare, visualize and analyze information from different sources. Compare historic weather data with yield records, paddock satellite images with cattle weights, futures prices with weather forecasts.
Key facts about PairTree
- Founded Year: 2018
- Location: Orange (Australia)
- Stage: Seed
- Total Funding till date: $465K
- Employee Count: 7 as on Mar 31, 2026
- Investors: THRIVE, x15ventures and 4 Others
- Latest Funding Round: Seed, Dec 15, 2023, $*****

4. Mobble
Mobble provides livestock farm management solutions. It offers cloud-based software that enables users to record livestock numbers, stocking rates, treatments, paddock events, season histories, farm operations, etc. Users can also track livestock and collaborate with workers in real-time to manage multiple operations.
Key facts about Mobble
- Founded Year: 2018
- Location: Victoria Park (Australia)
- Stage: Seed
- Employee Count: 13 as on Mar 31, 2026
- Investors: Artesian, Melbourne Accelerator Program and 1 Other
- Latest Funding Round: Seed, Jan 12, 2021, $*****
5. AgUnity
AgUnity provides a blockchain-based mobile app for small farmers and co-operatives. The app enables the co-operatives and farmers to keep a record of transactions on an incorruptible blockchain ledger. Provides smartphones that enable small farmers to sell harvests and buy supplies via the app.
Key facts about AgUnity
SproutX's Year-on-Year Investment Trends
Its most recent first time investment was in Smart Foal.SproutX's Investments by Stage
SproutX has made 5 investments in Seed stage with an average round size of $35.2K.SproutX's Investments by Sector
SproutX has a diverse portfolio, with companies operating in the Food and Agriculture Tech, Consumer Goods, Enterprise Applications, Environment Tech and Sustainability Tech. Notably, it has invested in 22 Tech companies, 20 Enterprise (B2B) companies, 16 Software companies and at least 7 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 3 |
Consumer Goods | 2 |
Enterprise Applications | 2 |
Environment Tech | 2 |
Sustainability Tech | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
SproutX's Investments by Geography
SproutX has made most investments in Australia (4), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Australia | 4 |
United States | 1 |
Note: We have considered here, only first round of investments
SproutX's recent investments
SproutX has not made any investment in 2026 so far.Here are the most recent investments by SproutX:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2019 | Australia | Seed | 4935 | - | |
May 02, 2019 | Australia | Seed | 4969 | - | |
Jul 11, 2017 | Australia | Seed | 6019 | - | |
Jul 10, 2017 | United States | Seed | 7279 | - | |
2017 | Australia | Seed | 6034 | - |
Acquired companies in SproutX's Portfolio
1 company from SproutX's portfolio has been acquired. The most recent acquisition were TeleSense in Sep 2022 by Deccopostharvest.Here are SproutX's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 19, 2022 | - | - | 5743 |
Co-investors of SproutX
Over the past 9 years, 3 investors have co-invested in SproutX's portfolio companies. This includes only funds.
Recent News related to SproutX
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Bayer announce partnership with startup investor to drive innovationAgroPages•Jul 27, 2020•Bayer, SproutX
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Agtech segments which have raised the most funding in Australia - Startup DailyStartup Daily•Sep 25, 2017•SproutX
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SproutX raises $10 million VC fund and opens applications for agtech acceleratorsiliconpaddock.community•Mar 16, 2017•SproutX