Our Investment in Rachio

We’re happy to announce our latest FG Angels investment in Rachio.

Rachio has created a device called “Iro” which is a smart irrigation controller that is powered by intelligent cloud-based software and is controlled via an intuitive, lightning-fast iPhone and Android app or web-dashboard. Iro is incredibly easy to install and set up, replacing only the existing control box, and modernizes the entire irrigation system. With the push of a button in the app, Iro connects to the internet via WiFi.

Once connected, homeowners have full control at their fingertips. Sprinklers can be turned on instantaneously from anywhere in the world. Or, allow Rachio’s intelligent software to automatically manage scheduling. Automated scheduling is optimized for water-efficiency and landscape, utilizing variables including: landscape characteristics, weather, seasonality, water budgets and user feedback. Iro provides homeowners with a product experience that empowers them to have better landscapes with less time, less water and less money so they can spend more time enjoying their yard.

Founder Matt Reisman was a former student in the class that Jason co-teaches at the University of Colorado.  Jason and Matt have stayed in touch since Matt took the class and we are excited to work with him and the team.  

  • http://www.goBIGnetwork.com/wil/ Wil Schroter

    Having been in more than a few Board meetings I am constantly shocked at how little use is made for the time spent with the board.
    I wrote about how getting to the point as early as possible is critical. (url here – http://www.gobignetwork.com/wil/2007/2/12/how-to-run-an-advisory-board-meeting/10101/view.aspx)
    I can’t stand watching an hour’s worth of PowerPoints about how the company has performed in the last period. Give me the 5-second highlights, and if something is wrong, I’ll ask. I can read an income statement like anyone else.
    Let’s focus on the 1 point that kept us from doubling the business!

  • http://www.valideval.com/ Adam Rentschler

    Congrats to Matt and the team! Awesome.

  • http://www.valideval.com/ Adam Rentschler

    Congrats to Matt and the team! Awesome.

  • A J Cohen

    A marvelous segue since your first pitch and our first conversation on strategy during DS’UpWk back in Sept of 2012. Very inspiring to see this investment and know you will rock the this market space.

  • A J Cohen

    A marvelous segue since your first pitch and our first conversation on strategy during DS’UpWk back in Sept of 2012. Very inspiring to see this investment and know you will rock the this market space.

  • http://www.friv4gaming.com/ Friv 4

    congratulate you and hope to many more victories