RESEARCH TRIANGLE Chapel Hill-based Mesur.io, an agricultural technology company, has raised $775,000 in a debt round with a $1 million goal, according to a regulatory filing.
Fifteen investors contributed to the raise, which suggests the company is selling options and securities, although we have not confirmed this.
The company raised $750,000 in equity in 2018.
Mesur.io develops a plant-able technology called Earthstream that calibrates and measures relevant data including light, soil moisture and temperature to help farmers, among others, make decisions on labor, water and raw materials, according to the company website.
Its motto is “To Give the Earth a Voice.”
AgTech forms a significant cluster in North Carolina and the Research Triangle in particular In addition to most of the major companies in the space, the area has generated many AgTech startups from its three research universities, spinouts from larger firms, and executives and employees trained at those large
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