Longmont firm raises $2.6 million

LONGMONT – Irrigation Water Technologies America Inc. closed a $2.6 million series A round of financing from undisclosed angel investors.

The Longmont-based distributor of underground irrigation systems, which also develops related technologies, started raising the round in October, said Collis Woodward, the company’s chief financial officer.

Woodward said the company hopes to be cash flow positive before the $2.6 million is gone, but wouldn’t give an exact timeline. He said Irrigation Water plans to use some of the money to develop new technologies, including making the irrigation system fully automated.

The company also plans to hire sales and marketing, field operations and warehouse…