New York-based venture capital firm Mousse Partners has led an $11.75m for Harvest Automation, which develops robotic systems used in nurseries and greenhouses to help reduce cost.
Existing investors Life Sciences Partners, Cultivian, Founder Collective, Entrée Capital and MassVentures also participated in the round.
The company will use the funds to further commercialize its HV-100 robotic system. It said that its harvest systems perform the most physically demanding and repetitive tasks at grower sites, providing an alternative to hiring labourers.
Mousse Partners vice president Ed Zysik said, “We are very excited to partner with Harvest as they continue to develop robotic solutions for the agricultural market. Their first product has shown they can deliver functional and practical solutions for their customers.
“The company has a massive opportunity to continue to introduce transformative innovation to this broad and important sector.”
In June this year AltAssets reported that one of the company’s backers, Cultivian, and Sandbox Industries had raised more than a quarter of their $200 second food and agriculture fund.
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