Hortau, a Canada-based irrigation management technology developer backed by media and technology holding company Telesystem, has received $5.9m in funding from government-owned cleantech fund Sustainable Development Technology Canada (STDC).
Founded in 2002, Hortau has built an irrigation management service that couples software with real-time field monitoring stations to track agricultural indicators such as soil moisture and crop health.
STDC’s investment will support further development of the company’s irrigation analytics technologies.
Hortau has now raised $27.4m in funding since 2013, including $10m in a 2016 round led by Advantage Capital Agribusiness Partners and backed by Avrio Capital, BDC Capital and Capital Régional et Coopératif Desjardins.
Telesystem first invested in Hortau in 2008 alongside Desjardins and local funds La Société Capital Financière Agricole, SDÉ Lévis and Solide. Avrio provided $3m of funding for the company in 2013.