Smart irrigation platform Hortau secures $10 mln in funding
Hortau Inc, a Canadian provider of precision irrigation management systems and services, has raised $10 million in follow-on financing. The investment was led by Advantage Capital Agribusiness Partners, a partnership of U.S.-based Advantage Capital Partners and nine farm credit organizations. It was joined by Canadian investors BDC Capital, Avrio Capital and Capital régional et coopératif Desjardins. Lévis, Québec-based Hortau said the new funds will allow it to continue growing. The company plans to expand its technical, grower support and research teams in 2016, and to expand into additional regions. Founded in 2002, Hortau's U.S. operations are located in San Luis Obispo, California.
4 February 2016•5 mins read
