Hortau secures $3.5M follow-on financing from Avrio Capital
Hortau, a leader in wireless, web-based irrigation management, has secured $3.5 million in follow-on financing from Avrio Capital.
Avrio Capital invested $3 million in Hortau in January 2013.
“We’re excited to have Avrio Capital as a key, long-term partner in our continued growth, expansion and unique perspective on precision irrigation,” said Hortau CEO Jocelyn Boudreau. “Avrio Capital’s global network, combined with Hortau’s proprietary technology, has created a strong partnership for the future.”
Hortau’s irrigation management system, combined with its easy-to-use Irrolis 3 software, reports to growers how their crops are faring in real time – before stresses such as drought or lack of aeration can have a negative impact on the crop.
Hortau has rapidly gained the confidence of growers in strawberry, almond, grape, cranberries and other crops. Hortau has determined optimal moisture and soil tension conditions to optimize yields for many crops. Staying within a narrow soil tension range can drive dramatic yield increases.
Hortau intends to use new funding to continue expansion and provide world-class irrigation management solutions for growers across all commodities.
“Hortau’s approach to precision water measurement provides a platform which to create optimal algorithms for watering regimens,” said Tom Kaneb, Managing Director at Avrio Capital. “The technology provides hope to producers worldwide who want to maximize yields or are struggling with water shortages.”