Lumo
Devon Wright is a seasoned entrepreneur and investor with extensive experience in the technology and finance sectors. Currently serving as CEO of Lumo since April 2022, Devon focuses on resource conservation for growers. As an Advisor/Investor at Ripple Ventures since 2017, Devon engages in investments across disruptive industries, utilizing a broad network to support portfolio companies. Additionally, Devon offers advisory services to various startups from January 2015 onward, emphasizing team building and operational success. Prior to Lumo, Devon held significant roles at Yelp, including GM of Yelp Restaurants, where notable achievements included capturing significant market share and enhancing growth metrics. Devon co-founded Turnstyle Solutions, a leading WiFi marketing platform, which was acquired by Yelp in 2017. Early career experience includes a Senior Treasury Analyst position at TD, contributing to the growth of the US mortgage portfolio.
Lumo
1 followers
Lumo will change the way we manage freshwater resources. According to the UN 40% of the world will be faced with water scarcity by 2030. 50-70% of freshwater is used by agriculture for irrigation. Current technology to measure and manage water resources is antiquated, the biggest incumbents are analog and manual. We’re going to bring software-firstsolutions to modernize water management.Our first product will simplify water management and water use reporting for grape growers in California. Irrigation is the #1 variable cost for specialty growers, which includes grapes, berries, and nuts. Lumo will drastically reduce these costs by saving water, energy, and labor – helping farmers better manage their water resources. We will scale into adjacent verticals like nuts, berries, and marijuana; expand into more geographies; and add additional capabilities like water rights reporting and trading.