Jan 13, 2022Precision irrigation startup CODA Farm Technologies gets $2.2 million boost
Precision irrigation startup CODA Farm Technologies has received $2.2 million in seed investment from a collection of firms.
CODA was founded by brothers Connor and David Wallace of Wallace Farms, a potato-growing operation in Skagit Valley, Washington. They created the FarmHQ platform to save water and run their irrigation reels more efficiently on their family farm.
The $2.2 million funding influx is led by Lowercarbon Capital, along with Voyager Capital, Arnold Venture Group and Will Canine. According to a blog by David Wallace, CODA’s CEO and co-founder, the funding will allow the company to:
- “Dramatically scale up production of our FarmHQ devices ahead of and during the 2022 irrigation season to meet the growing demand from farmers in North America;
- “Expand our product offerings to new applications and customers around the world; and
- “Invest in research and development of data-driven irrigation technologies to boost yields and improve water efficiency.”
For more on CODA, visit the company’s website, or check out Spudman’s 2021 podcast with Connor and David Wallace through the link below.
Top: From left, Connor Wallace, CTO; Gabe Martin, Lead Hardware Engineer; David Wallace, CEO; and Dan Oschrin, Lead Software Engineer. Photo: CODA Farm Technologies