Deal: Zetifi has completed a $12 million capital raise, led by investors Telstra and GrainCorp and with participation from existing investors, including Cultiv8 Funds Management, GrainInnovate and Artesian.

The new funding, Allens said in a statement, “will allow Zetifi to scale up manufacturing to bring its solutions to the mass market, double its software and product teams, and explore expansion to the US market in the next 12 to 18 months”.

Area: Corporate.

Value: $12 million.

Key players: The Allens team was led by partner Jessica Mottau (pictured), who was supported by managing associate Dominic Anderson, senior associate Madeleine Hunt, and associate Erica Tan.

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Deal significance: Speaking about the raise, Zetifi chief executive Dan Winson said: “The support of the Allens team has been crucial throughout this process. We are looking forward to a busy year ahead as we continue helping the ag sector take advantage of digital technology and automation through connectivity.”

Ms Hunt added, “We are very pleased to have had the opportunity to work with Zetifi on this important capital raising, which demonstrates the continuing opportunities for innovative companies to digitalise the agriculture sector.”