L2 Counsel Represents AgTech Leader FluroSat In Dagan Acquisition
Combined company launches Regrow for resilient agriculture
SAN FRANCISCO, CA, February 23, 2021 — FluroSat, an emergent leader in crop science, and Dagan, Inc., a company recognized for its expertise in soil health, announced their combination and launch of Regrow — a new company offering a single, systemized solutions to scaling, evaluating and monetizing resilient agriculture practices.
The launch of Regrow was announced in connection with Flurosat’s all-stock acquisition of Dagan. Microsoft’s M12 venture fund led the investment in FluroSat’s last round, backing their vision for how AgTech can solve some of the world’s most critical population and climate change challenges. Ukrainian scientist Dr. Anastasia Volkova founded FluroSat, and is an Amelia Earhart Fellow and an MIT 35 Under 35 Innovator. Dr. William Salas is the co-founder of Dagan.
L2 Counsel founder Louis Lehot, who represented FluroSat said, “We congratulate the entire team at Regrow, and were proud to be part of a transaction that created a cutting-edge, global climate-tech company using agtech for good.”
Louis Lehot, Nicole Hatcher, Catherine Zhu, Ethan Floyd of L2 Counsel, P.C. served as counsel to Flurosat in the transaction. Nicholas Fletcher, Polo Pedroza and Stacy Smith provided professional support for team L2 Counsel.
Regrow is the first AgTech platform to effectively and efficiently incentivize universal adoption of resilient agriculture across the entire supply chain. The company’s pioneering a new generation of computational agriculture, utilizing best-in-class agronomy, soil science, and machine learning to create flexible on-farm solutions and measurable, monetizable outcomes. The company will roll out its complete offerings later this year. Regrow is the result of global crop science leader FluroSat’s acquisition of Dagan, known worldwide for its soil science expertise.
Ukrainian scientist Dr. Anastasia Volkova founded FluroSat to meet her vision and passion for making science-based agronomy and sustainable crop management an industry standard and to foster close collaborations between industry and research. The company was launched in 2016 with backing from Microsoft’s M12 Venture Fund, Main Sequence Ventures, AirTree, Costanoa Ventures, Space Angels and Artesian and currently monitors fields in 45 countries.
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About Louis Lehot
Louis Lehot is a partner and business lawyer with Foley & Lardner LLP, based in the firm’s Silicon Valley, San Francisco and Los Angeles offices, where he is a member of the Private Equity & Venture Capital, M&A and Transactions Practices and the Technology, Health Care, and Energy Industry Teams. Louis focuses his practice on advising entrepreneurs and their management teams, investors and financial advisors at all stages of growth, from garage to global. Louis especially enjoys being able to help his clients achieve hyper-growth, go public and to successfully obtain optimal liquidity events. Louis was the founder of a Silicon Valley boutique law firm called L2 Counsel. He previously served as both the co-managing partner and co-chair of the emerging growth and venture capital practice of a global law firm in Silicon Valley.