Growlink Secures $2 Million Seed Funding to Enhance AI Capabilities and Integration Platform

1.2 min readPublished On: August 9th, 2024By

LOS ANGELES- Growlink, a provider of advanced Internet of Things (IoT) controllers, sensors, and cultivation software for controlled environment agriculture, has closed a $2 million seed financing round led by Casa Verde Capital. The funding will enable Growlink to expand its AI capabilities and enhance its third-party integration platform, ensuring compatibility with various hardware systems.

Founded by Ted Tanner and David Holmes, Growlink has operated profitably for the past decade without external funding, growing its customer base to over 2,200 active locations in 35 countries. The company’s technology is widely used by U.S.-based multistate operators, offering precise climate control, automated irrigation, nutrient delivery, and data analytics to optimize crop yields.

The new funding will support the integration of AI-driven control algorithms, cultivar blueprints, and crop steering programs into Growlink’s platform. Current integrations include Agrowtek, Trolmaster, Pulse Grow, and Aranet wireless sensors, making sophisticated cultivation technology accessible to growers of all scales.

Casa Verde Capital, founded by Snoop Dogg, focuses on scalable and efficient companies in the cannabis industry. “Growlink drives immediate ROI for underserviced cultivators and is a foundational component of any technology stack that prioritizes quality and efficiency,” said Casa Verde Managing Partner Karan Wadhera.

Growlink CEO Ted Tanner expressed enthusiasm for the partnership, stating, “Their support will be instrumental in accelerating our growth and expanding our capabilities.”

Casa Verde’s investment strategy targets companies with potential for significant market share growth. Despite the challenging capital environment for cannabis companies, Casa Verde has raised approximately $250 million since its inception in 2015.

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The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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