Smart Apply, an agtech startup whose precision spray system and data collection technology significantly reduces chemical and water usage in orchards, nurseries, and vineyards and advances sustainability goals, has successfully raised $1.8 million in an extension of a seed round, which is now closed with a total raise of $3.1 million.
Serra Ventures led the round with a commitment of $750,000. Also participating in the seed round extension are Frontier Angels and VisionTech Angels. Both Frontier Angels and VisionTech Angels made follow-on investments to their initial seed round participation in May 2022.
“Serra Ventures had been following the great progress of the Smart Apply team for over a year before making our recent investment decision. This is a technology and a team that is a crucial value-add to the ag tech landscape. We are excited to join them as they tackle a major industry pain point of overspray and excessive chemical usage,” said Serra Ventures CEO and Managing Partner Tim Hoerr.
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