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Vancouver-Based Agtech Company Ava Technologies Closes $2.6M Seed Financing Round Led by Vanedge Capital
Monday, June 11, 2018
Vancouver, BC, June 11, 2018--(T-Net)--Vancouver-based AgTech company AVA Technologies announced this week it has raised $2.6 million in a seed financing round led by Vanedge Capital, according to Crunchbase and a number of other online sources.
AVA Technologies is a BC startup company founded in 2016 that's manufacturing smart indoor gardens for consumers, and has recently won prestigious awards for Best Innovation (2018 Small Business BC Awards, and 2018 Silicon Valley Agtech Program).
This is a really interesting company and business idea, and they have an absolutely fascinating product (which looks very well executed) - read more about it here if interested.
The AVA Smart Garden (now called Ava Byte) is an electronic device designed to help you grow nutrition-dense fruits & vegetables from home. Similar to Nespresso machines, AVA's plant pods were created with individualized "plant recipes" represented by a plant ID code.
Based on each pod's plant ID, AVA uses its sensors and controls to optimize the growth conditions for the perfect, nutrition-packed plant.
Byte is basically an innovative & automated indoor garden for beginner gardeners who want to grow plants at home, but don't have the time, knowledge or the confidence to keep their plants alive.
Byte uses smart sensors and AI-optimized algorithms for faster year round growth. Select what you want to grow and the system will automatically adapt the lighting and watering cycles to ensure your plants thrive.
Want one? You can order it online here
Check on Your Plants Even on Vacation. Get Reminders for When to Water. Share Time Lapse Videos With Your Friends.
The company is led by Valerie Song (CEO) who has a previous background in food and beverage at Nature's Path Foods and Labatt Breweries.
The company has participated in a number of Accelerator programs locally (e@UBC Lean Launchpad Accelerator, 10th Cohort of Kick Business Incubator at Spring, The Next Big Thing and Hatch), and the company has also previously raised roughly $300,000 (in crowdfunding, grants and debt).
The latest financing round brings their total capital raise to roughly $2.9 million.
About AVA Technologies
AVA creates smart products that empower the planet to thrive. Starting with AVA Byte, we want to help the world get growing by unlocking access to the freshest, organic ingredients, all year round.
We may not have enough food to eat by 2050. Our mission at AVA is to change this, but it's not just up to our team - it's up to all of us! Join the food revolution at avagrows.com
Mission: To feed the world's transition to sustainable food production & consumption.
Values: Diversity, growth, curiousity, and eating good food. AVA is a budding startup from Vancouver trying to help people eat better while doing better for the planet.
The AVA Smart Garden is an electronic device we're designing to help you grow nutrition-dense fruits & vegetables from home!
Like Nespresso machines, AVA's plant pods were created with individualized "plant recipes" represented by a plant ID code. Based on each pod's plant ID, AVA uses its sensors and controls to optimize the growth conditions for the perfect, nutrition-packed plant.