EcoSMART Technologies, Inc., an Alpharetta, GA-based provider of proprietary pesticide products derived from natural plant oils, closed a $2m equity investment from Greenmont Capital Partners and received an additional $2m under its credit facility with Western Technology Investment.The company will use the funds to provide additional growth capital and to support its working capital requirements as it continues to grow the sales of its complete line of safe and effective pesticide products.
Commenting on the financings, Mike Lemberg, CFO of EcoSMART, said: “Western Technology Investment has been a great partner to the company providing the working capital needed to support the rapid growth. The capital from Greenmont and WTI supports the continued growth and scaling of the company.”
EcoSMART Technologies aims to enable a realistic shift from synthetic to botanical pesticides in the residential, commercial, industrial and agricultural markets.
FinSMEs
19/10/2010