Hortau, a San Luis Obispo, Calif.-based provider of precision irrigation management systems and services, secured $10m in third round of funding.
The round was led by Advantage Capital Agribusiness Partners, LP (ACAP), with participation from BDC Capital and existing investors Avrio Ventures LP II and Capital régional et coopératif Desjardins.
The company intends to use the funds to broaden its service offering to growers in North America.
Founded in 2002 by Dr. Jean Caron, agronomist, Ph.D in Soil Physics, and Jocelyn Boudreau, agricultural engineer, M.Sc. in Soil Physics, Hortau provides wireless, web-based irrigation management systems (combined with mobile apps) for growers to detect plant stress, ensuring optimal crop growth while reducing water and energy use as well as eliminate environmental impacts of crop production.
The company also has offices, representatives and technicians throughout North America, including a Canada headquarters in Quebec.