TerraRad receives strategic investment from Old Tom Capital

TerraRad Tech AG, the company behind turfRad, announced it has received a strategic investment from Old Tom Capital, a private investment firm supporting innovation within the golf industry. With this additional funding, TerraRad plans to accelerate turfRad’s development while exploring opportunities to expand its impact in the golf industry. 

“This partnership with Old Tom Capital marks a significant milestone for turfRad and our mission to create value for superintendents,” TerraRad CEO Derek Houtz said. “Their investment and strategic support will help us step up our efforts to provide innovative solutions to more golf courses while enabling resource efficiency and improved player experiences.” 

 TerraRad Tech AG serves multiple industries with its L-band radiometers, with turfRad representing its flagship product for golf. Old Tom Capital brings deep industry expertise, extensive relationships and robust support to its portfolio companies. 

“TerraRad’s turfRad technology is addressing one of the most critical challenges in golf today: water management,” said Matthew Erley, managing partner at Old Tom Capital. “By enabling golf courses to conserve water, reduce costs and improve turf conditions, TerraRad is not only transforming course operations but also setting a new standard for sustainability in the industry. We’re proud to partner with a company that is making such a meaningful impact, and we look forward to supporting their growth in golf and beyond.”