TerrAvion, a San Leandro, CA-based agtech startup, raised a $10M Series A round of financing.
The round was led by Merus Capital, with participation from Promus Ventures, Initialized Capital and 10x Group.
The company will use the funds to further expand its presence in key agricultural areas such as the Great Plains, Mississippi Delta and Pacific Northwest.
Founded in 2013 by CEO Robert Morris, TerrAvion provides aerial photographs, plant vigor images, thermal images, custom color maps, underlying data, and histograms for farmers to spot early-warning signs such as plant health issues and irrigation problems so they can take action before emerging problems become big ones. Distribution partners include CPS (a large ag retailer), CHS (a large agricultural co-op) and Servi-Tech (a large independent crop consulting and agronomic services company).
Currently, TerrAvion flights cover more than 20 million acres per week, and crops ranging from corn and soybeans to citrus and vineyard grapes.
FinSMEs
06/02/2017