HomeUSALumo Raises $7M in Funding

Lumo Raises $7M in Funding

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Lumo

Lumo, a Napa County, CA-based connected irrigation company, raised $7M in funding.

The round was led by Active Impact InvestmentsĀ andĀ Fall Line Capital. Mike Winterfield, Founder and Managing Partner at Active Impact, will also be joining Lumo’s Board of Directors.

The company intends to use the funds to continue investing in product research and development, and rapid go-to-market expansion.

Led by CEO and Founder Devon Wright, Lumo is a smart irrigation company that supports growers and tackles water challenges via the Lumo One smart valve, which allows growers to precisely control and measure how much water is applied to their crops at all times, reducing labor costs, excess water usage and eliminating irrigation guesswork.

Dozens of world renowned growers inĀ Napa,Ā Sonoma, and the Central Coast are already using Lumo One smart valves to automate their irrigation, monitor flow rates remotely, and gain better visibility into the performance of their irrigation systems.

FinSMEs

14/05/2024