North Billerica, Mass.-based agricultural robotics company Harvest Automation has closed an $11.75 million Series C financing round, the company announced Tuesday. The round was led by New York-based Mousse Partners Limited. Existing investors such as Life Science Partners and MassVentures also participated in the round. The money will be used to commercialize the company’s first product, a robotic system called the HV-100, used in commercial nurseries and greenhouses to reduce cost and improve quality and efficiency, according to the company.
“We are seeing strong product validation with first customers and are excited to continue our efforts to bring smart, mobile, adaptive robotics into agriculture, a market that is not only large in scale, but could significantly benefit by deploying automation to work alongside people,” said Harvest’s CEO, John Kawola, in a statement.
The company has 35 employees at its North Billerica location.
“We are very excited to partner with Harvest as they continue to develop robotic solutions for the agricultural market,” noted Ed Zysik, Vice President at Mousse Partners Ltd., who leads venture and growth investing for the firm. “Their first product has shown they can deliver functional and practical solutions for their customers. The company has a massive opportunity to continue to introduce transformative innovation to this broad and important sector.”
Zysik will be joining the Harvest Automation Board of Directors.
About Harvest Automation
Robots are powering the next innovation surge in agriculture. Backed by a team of world-class robotics innovators, Harvest Automation has engineered the first practical, scalable robots for a range of agricultural applications. Harvest enables growers to create a sustainable workforce of robots working safely alongside people to increase efficiency, reliability and plant quality.
About Mousse Partners Ltd.
Mousse Partners Ltd. is an institutional investment office based out of New York, with an office in Beijing. Funds to further advance Harvest’s first product, the nursery and greenhouse robot HV-100