Foley Hoag Client Harvest Automation Raises $7.8M Series B Financing
November 29, 2011
Foley Hoag LLP represented Harvest Automation, Inc. as it closed a $7.8 million Series B financing round.
Harvest Automation, a company headquartered outside Boston that develops robotic equipment for the agriculture industry, will use the funding to launch its first product in the second quarter of 2012 and expand to full-scale commercial operation. Harvest Automation’s flagship product will perform many of the most physically demanding and repetitive jobs at grower sites, providing a solution to the increasing challenge of finding and employing laborers for these functions.
European-based investor Entrée Capital led the financing round. Harvest Automation also received strong support from existing investors Founder Collective, Life Sciences Partners, Cultivian Ventures and Massachusetts Technology Development Corp.
Mark Haddad and Diana Lo of Foley Hoag represented Harvest Automation.
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