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Irrigation agtech startup Lumo raises $2.1m

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Lumo, a new U.S.-based agtech company focused on water sustainability, has raised USD$2.1 million in pre-seed funding and plans to allocate funds toward commercialization of its irrigation technology.

The company states its system offers a first of its kind wireless, cloud-managed water valve network that will enable growers to optimize water usage to improve crop quality and reduce overhead costs. Presently a number of Lumo's irrigation systems are being tested in vineyards and orchards in Sonoma County, California.

Lumo was launched by partners Devon Wright (CEO), John Hinnegan (CTO) and water technology inventor, Henry Halimi (R&D)

The $2.1 million pre-seed funding was led by Fall Line Capital. The funding will be allocated toward the continued development and commercialization of Lumo's smart irrigation system. Looking ahead, Lumo states it will play a key role in creating a digital water record that could be used in the future to unlock enhanced water reporting and trading on a global scale.

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