HMI Raises $3.2 Million

Horticultural Asset Management Inc., Cary, N.C.-based provider of replacement cost valuations and inspections of the condition of trees and shrubs, has raised $3.2 million from private equity firm Rockbrook Advisors. Collective IQ advised HMI on the deal.




William Glynn, chairman and co-founder of Horticultural Asset Management, Inc. (HMI) (, has announced that the firm is closing a $3.2 million Series B financing. The proceeds from the financing will be used to drive HMI's commercial activity which has been created from its core products which provide valuations, inspections and remedial services for trees and shrubs. HMI is currently offering its products and services primarily to the insurance and real estate industries. Funding is provided by lead investor Rockbrook Advisors, an institutional investor based in Omaha, Neb. that specializes in companies offering insurance related technologies, products and services, and the Zekavat Investment Group, a successful private equity investor. Grant Lippincott of Rockbrook Advisors, formerly of Berkshire Hathaway, and Ken Zekavat of Zekavat Investment Group will join HMI's Board of Directors. Zekavat will assume the role of chairman.

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