Growee Technologies Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Growee Technologies Ltd. - overview
Established
2017
Location
Nir Am, -, Israel
Primary Industry
Agribusiness
About
Based in Nir Am, Israel, and founded in 2017, Growee Technologies Ltd. manufactures electronic hydroponic devices that monitor water, air, and soil properties. The company was co-founded by Idan Avitan (CEO) and Keren Shechner (BDE). In June 2023, Growee Technologies Ltd.
raised venture funding co-led by the Israel Innovation Authority. The company’s platform utilizes its Internet of Things (IoT) and analytics technology to consistently monitor and regulate water chemistry, which is critical in optimizing plant growth. Through the Growee cloud, the platform manages the collected data, providing real-time insights and control to growers via the Growee app. The company's equipment analyses variables like air and water temperature, humidity, and fertilizer levels, automatically adjusting pH and fertilizer concentrations.
It also manages massive amounts of water. The company generates revenue by offering a range of hydroponics automation solutions, including the Automated pH Controller, Growee Starter Combo, and Growee Pro Combo. These solutions are priced between USD 695 and USD 1225, catering to different customer needs and budgets. The company plans to use the June 2023 funding to expand its US market reach and set up a distribution facility in Florida.
Current Investors
Israel Innovation Authority
Primary Industry
Agribusiness
Sub Industries
Analytics & Performance Software, Farm Equipment
Website
www.getgrowee.com
Verticals
Agtech, Big Data, IoT (Internet of Things)
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.