Growlink secures US$2M seed funding led by Casa Verde - IoT global network

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Growlink secures US$2M seed funding led by Casa Verde

August 7, 2024

Posted by: Magda Dabrowska

Cannabis marijuana leaf closeup

Image by jcomp on Freepik

Growlink has announced the closing of its US$2 million seed financing round led by Casa Verde. Growlink’s co-founders, Ted Tanner and David Holmes, have built technology companies together for 26+ years with two previous successful exits and are dedicated to creating data-driven tools that empower growers to maximise their yield with minimal resources.

For the past 10 years, Growlink has operated profitability without any external funding or debt, steadily growing its customer base to over 2,200 active locations in 35 countries. Growlink is currently utilised by a majority of US-based multi-state operators.

This fundraise will enable the company to expand its AI capabilities and enhance its third-party integration platform. This ensures that any hardware can connect to the Growlink cloud. Users will gain access to Growlink’s advanced control algorithms, cultivar blueprints and AI crop steering programmes. Current integrations include Agrowtek, Trolmaster, Pulse Grow and Aranet wireless sensors. These integrations make sophisticated cultivation technology accessible to growers of all scales, enabling them to achieve higher yields and better quality crops.

Casa Verde brings deep industry expertise and guidance, having invested in the most critical solutions across the cannabis supply chain.

“We are thrilled to partner with Casa Verde, an investor that shares our vision and passion for advancing the cannabis cultivation industry,” said Ted Tanner, the CEO of Growlink. “Their support will be instrumental in accelerating our growth and expanding our capabilities.”

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