Funding Details
- Awarder
- WeFunder
- Date Award
- June 12, 2024
- Vertical
- Agriculture Technology
- Funding URL
- View Funding Page
- Valuation
-
$12,500,000
Company Info
- Founding Year
- Not specified
- Traction
- Groundworx has $2,000,000 invested from Friends, Family, and Angels, with 217 installations planned in Q1 of 2022. They have saved $134,000 in one year for The Grand Golf Club in Del Mar, CA, and their customers have reduced water usage by 35%. Revenue is generated from installations and recurring from SAAS.
- Organizations Involved
- San Francisco Giants
- Founders
- Brad David, Diego Borrego, Dennis Clark
- Company Description
- The Groundworx GX-1A and the platform it supports provides both above and below ground data as a “software as a service” for the strategic management of water and resources by growers and turf managers. The platform aims to reduce water usage, improve turf performance, and proactively manage resources. Groundworx offers a solution that allows operations to understand what is going on below the ground to better manage their resources, particularly in the context of drought conditions and water use.
- Market
- Water Management
- Location
-
Mercer Island,
WA,
US
- Coinvestors
- Friends, Family, Angels
Links