Lumo
A smart irrigation system which helps growers to save water, improve crop quality and reduce costs.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $7.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
Lumo is a company that has developed a smart irrigation system to help growers conserve water, enhance crop quality, and lower operational expenses. The system comprises patented smart-valve technology, which is wireless, solar-powered, and connected to the cloud.
Lumo's platform provides growers with an all-in-one solution for precision irrigation, designed for ease of installation and use. The company's target market consists of modern agricultural producers seeking to optimize water usage and improve crop yields through advanced technology. The business model is centered on the sale of this integrated hardware and software system. By offering a comprehensive precision irrigation solution, Lumo aims to address the increasing challenges of water scarcity and the need for more efficient agricultural practices.
Keywords: precision irrigation, smart valve, agtech, water management, crop monitoring, solar-powered, wireless, cloud-connected, agriculture, sustainability