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GroGuru raises USD 2.3 million in Series Seed A funding
Smart Farming
Aug 3, 2023
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Smart Farming

Aug 3, 2023

GroGuru raises USD 2.3 million in Series Seed A funding

Funding

  • GroGuru, a precision agriculture SaaS company providing field sensors for irrigation management, has raised USD 2.3 million in a Series Seed A funding round co-led by Cove Fund and Impact Venture Capital. The round also included participation from Integral Capital Partners, Comeback Capital, Right Side Capital Management, VIGR Crop, NutraDrip, and Thunderhead Crop.

  • The funds will be used to expand sales, develop and commercialize its AI-enabled farm monitoring and management solutions, and expand its strategic partnerships.

  • Analyst QuickTake: Groguru is steadily attracting the necessary funding to commercialize its solutions. This funding follows GroGuru's equity crowdfunding round on the WeFunder platform in March 2022 to support new marketing initiatives for its irrigation solutions, hire additional engineers, purchase materials, and test equipment. In September 2019, GroGuru raised USD 2.9 million in seed funding , intending to also scale operations and deploy essential sensor technologies. As of date, the company manages over 200,000 acres and serves customers with over one million deployable acres.

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