Irrigation management software provider Hortau, which counts Telesystem as shareholder, has raised $20m in its latest funding round.
Hortau, a Canada-based irrigation management platform operator backed by media and technology holding company Telesystem, yesterday raised $20m in a funding round.
The round included a $7m investment from Canadian export credit agency Export Development Canada and a $5.9m commitment from development capital provider Fonds de solidarité FTQ.
BDC Capital, the investment arm of state-owned Business Development Bank of Canada, Avrio Ventures, Advantage Capital Agribusiness Partners and Capital régional et coopératif Desjardins made up the remaining $7.1m.
Hortau provides an irrigation…
