Motorleaf secures $3.65 mln in Radicle-led seed financing
Motorleaf, a Montréal-based artificial intelligence platform for indoor growers, has raised about $3.65 million (US$2.85 million) in seed-stage financing. U.S. agriculture and food technology investor Radicle Growth led the round. It was joined by Desjardins Capital, Real Ventures, Fluxunit, BDC Capital and 500 Startups Canada. Founded three years ago by CEO Alastair Monk and CTO Ramen Dutta, Motorleaf's platform lends monitoring and predictive capabilities to operators of greenhouses, indoor farms and growth chambers, helping them improve crop yields and profits. The company will use the funds raised to further develop its agronomic solutions.
17 May 2018•3 mins read
