DENVER, Aug. 6, 2024 – PRESS RELEASE – Growlink, a leading controlled environment agriculture (CEA) provider of advanced Internet of Things (IoT) controllers, sensors and cultivation software, announced the closing of its $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-plus years with two previous successful exits and are dedicated to creating data-driven tools that empower growers to maximize 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 utilized by a majority of U.S.-based multistate 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 programs. 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 strategic guidance, having invested in the most critical solutions across the cannabis supply chain. "Growlink drives immediate ROI for underserviced cultivators and is a foundational component of any technology stack that prioritizes quality and efficiency," Casa Verde Managing Partner Karan Wadhera said.
"We are thrilled to partner with Casa Verde, an investor that shares our vision and passion for advancing the cannabis cultivation industry," Growlink CEO Ted Tanner said. "Their support will be instrumental in accelerating our growth and expanding our capabilities."
