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Serra Ventures’ Company Oso Technologies, Inc. Acquired By the Scotts Miracle-Gro Company


Champaign, IL – WEBWIRE

Champaign, IL (December 12, 2016) – Oso Technologies, creator of a robust Internet of Things soil moisture sensor, Plant Link, was acquired by the Scotts Miracle-Gro Company, (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden products, on December 8, 2016. Terms of the transaction were not disclosed.
 
The Serra team had worked closely with Oso Technologies from its original incorporation, providing the majority of the company’s financing in addition to providing strategic and operational guidance for over four years. Mercedes Mane, CEO of Oso, remarked: “The Serra team was invaluable not only in what they provided funding-wise, but for being integrally involved in assisting us with our everyday operations. We are extremely grateful for their role in developing our company and for their assistance in acquisition of Oso.”
 
Tim Hoerr, CEO of Serra Ventures, remarked: “Oso and Serra worked closely with Scotts for over a year, and the relationship continued to mature. They have been a great partner, and this acquisition is the beginning of a great future for the Plant Link line of products.”
 
About Serra Ventures
Serra Ventures is an early stage venture capital firm investing in technology companies in emerging Midwest technology centers and selected other geographies. Pitchbook has ranked Serra the fourth most active investor in the Great Lakes Region. Sectors of focus include information technology, devices/instrumentation and agricultural technologies. Serra Ventures is headquartered in the University of Illinois Research Park in Champaign, Illinois. For more information, visit www.serraventures.com.
 


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 Acquisition
 Technology
 Venture Capital
 Midwest


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