Horticultural Asset Management Lands $3.2M in Funding
Horticultural Asset Management, which provides software and services for use in the horticultural industry, has raised $3.2 million in Series B venture capital financing.
As part of the deal, Ken Zekavat of Zekavat Investment Group has replaced company co-founder William Glynn as chairman of the board.
Zekavat and Rockbrook Advisors led the funding. Grant Lippincott of Rockbrook also was named to the board.
The company, which uses the acronym HMI, utilizes software developed by Michael Dirr, an author and professor at the University of Georgia.
“We immediately recognized the value of data, services and products that HMI offers the property and casualty insurance industry,” Lippincott said in a statement. “Ken and I look forward to working with HMI’s management team to leverage the company’s valuable content to growth significantly in the insurance and other markets”.
The software is used to estimate replacement cost valuations for landscape assets.
HMI will use the funds to expand its commercialization efforts.
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