Why we invested in Verdecer

1. the problem

   Extensive livestock farming in Spain is running out of hands. Fewer than 8% of farmers are under 40, and every hand lost means poorer grazing, more bought feed, thinner margins and more land left behind.

2. what they build

   Verdecer replaces posts and wire with a solar collar. The farmer draws the paddock on a phone, the herd stays inside it, and rotational grazing that used to cost days of work takes a click.

3. the moat

   The moat is the collar and what it learns. Hardware on the animal gathers grazing and herd data no software-only rival can reach, and every season of it makes the advice harder to copy.

Every bet sits where physical meets digital, with data an LLM cannot replicate.