GroGuru Agtech Startup wins Demo Day 2019
SAN DIEGO (June 7, 2019) — EvoNexus, Southern California’s leading startup technology incubator with locations in San Diego and Irvine, today announced the winner from its “Demo Day” pitch competition event. Hosted at Qualcomm’s headquarters in San Diego, EvoNexus presented an exclusive look at nine startup companies. AgTech company GroGuru took first place.
“The entire GroGuru team is very excited to be selected as the winner for the 2019 EvoNexus Demo Day,” said Patrick Henry, President and CEO of GroGuru. “We’ve deployed a breakthrough technology that will enable farmers to optimally irrigate their crops, increasing crop yield while saving water and other scarce resources in a sustainable way. I was extremely impressed with the quality of the other companies, and very proud to be a part of EvoNexus, the premier startup incubator in Southern California.”
“Last year, our portfolio raised $226,000,000 in angel and venture financing,” said Marco Thompson, President of EvoNexus. “The companies that presented will lead our fundraising results for 2019 and 2020. We expect great things from this group.”
EvoNexus is Southern California’s leading startup incubator with locations in San Diego and Irvine. We enable motivated entrepreneurs to turn their transformative technologies into fundable, commercially-viable companies. Since 2010, $1.7B in funding and acquisition outcomes have been achieved by EvoNexus startups. A total of 26 EvoNexus startups have been acquired since 2013. EvoNexus is supported by strategic corporate sponsors in technology, life science and leading sector service providers. EvoNexus companies enjoy incubation of up to two years in Class A offices and dry lab spaces to create complex products, secure investor funding and launch their inventions into important markets. For more information, please visit evonexus.org.