Lumo is a smart irrigation system that enables growers to save water, improve crop quality and reduce costs.
Business Model:
Revenue: $0
Employees: 1-10
Address: 427 Mendocino Ave.
City: Santa Rosa
State: CA
Zip: 95401
Country: US
Lumo will change the way we manage freshwater resources. According to the UN 40% of the world will be faced with water scarcity by 2030. 50-70% of freshwater is used by agriculture for irrigation. Current technology to measure and manage water resources is antiquated, the biggest incumbents are analog and manual. We’re going to bring software-first solutions to modernize water management. Our first product will simplify water management and water use reporting for grape growers in California. Irrigation is the #1 variable cost for specialty growers, which includes grapes, berries, and nuts. Lumo will drastically reduce these costs by saving water, energy, and labor – helping farmers better manage their water resources. We will scale into adjacent verticals like nuts, berries, and marijuana; expand into more geographies; and add additional capabilities like water rights reporting and trading.
Contact Phone:
+13022089374
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 7/2022 | Pre Seed Round | $0 |
Fall Line Capital Fall Line Capital |
7/2022 | Pre-Seed | 1 | $2.1M |
Fall Line Capital Fall Line Capital |
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