EDC puts $7 mln to work in smart farming company Hortau
Export Development Canada (EDC) has invested $7 million in Hortau, a Lévis, Québec-based precision agriculture business. Founded in 2002 by CEO Jocelyn Boudreau and Jean Caron, Hortau's technology allows growers to detect crop stress, optimize growth, and reduce water use, energy and environmental impact. It said the latest funds raised will help the company reach more customers. Hortau, which raised $5.9 million from Sustainable Development Technology Canada in January, is also backed by Advantage Capital Partners, Avrio Capital, BDC Capital, Capital régional et coopératif Desjardins and Telesystem.
20 June 2018•3 mins read
