Rarely, a venture capital firm has the opportunity to invest in a startup again after its exit, especially if the startup is still private. Builders VC received such an opportunity when the founders of Performance Livestock Analytics (PLA), a cattle management software, reached out to them. PLA was acquired by Zoetis in 2020 but wanted to spin out to continue scaling. Builders VC, along with Alaris Capital, provided $7.5 million in funding for the spin-off. Builders VC had initially backed PLA during its seed round in 2019. While the acquisition by Zoetis was a successful outcome for the founders, Builders VC is thrilled to see PLA realize its true potential as a software platform for cattle farmers.
