Fundraising for Lumo, a linked irrigation startup situated in Napa County, CA, totaled $7 million.
Investors
- Fall Line Capital
- Active Impact Investments
- Additionally, Mike Winterfield, Managing Partner and Founder of Active Impact, will be joining Lumo’s Board of Directors.
Use of funds
The money will be used by the business to keep funding its rapid go-to-market expansion as well as its efforts in product development and research.
Lumo One smart valves are already being used by several internationally recognized farmers in Napa, Sonoma, and the Central Coast to automate irrigation, remotely monitor flow rates, and improve system efficiency.
About Lumo
With the Lumo One smart valve, growers can precisely control and measure the amount of water applied to their crops at all times, reducing labor costs, unnecessary water usage, and irrigation guesswork. Lumo is a smart irrigation company led by CEO and Founder Devon Wright.
