Avrio Capital invests $3.5 mln more in precision irrigation company Hortau
Hortau Inc, a provider of wireless, web-based irrigation management systems, has secured $3.5 million in additional financing from Canadian venture capital firm Avrio Capital. Avrio originally invested $3 million in the Saint-Romuald, Québec-based company in early 2013. Proceeds from the latest investment will allow Hortau to continue expanding its team of regional representatives, and take its precision irrigation platform to growers across all crops, the company said. Founded in 2002, Hortau's U.S. operations are based in San Luis Obispo, California. It was recently reported that Avrio is planning to raise a new $125 million fund focused on investing in innovative agriculture and food companies.
7 April 2014•3 mins read
