Four startups receive funding from IEDA

Four startups received funding from the Iowa Economic Development Authority (IEDA) Board on Friday.  In total, the board awarded $600,000 to the four startups.

Here are the startups that received funding:

automed (Ames) 

Automed is a supplier of hardware devices and software systems for medication delivery, compliance, disease prevention and traceability for the livestock industry.

The company was awarded a $300,000 loan from the Innovation Acceleration Fund. automed will use these funds for product refinement and to ramp up operations by hiring key personnel and increasing production and distribution.

IAM AGTECH (Ottumwa) 

IAM AGTECH has developed field-portable instruments that deliver real-time, lab-quality, soil nutrient and moisture analysis.

The company was awarded a $100,000 Demonstration Fund loan, primarily for product refinement and key personnel.

Nebullam (Ames)

Nebullam is a product-as-a-service company, providing High-Pressure Aeroponics growing units, paired with artificial intelligence. Their technology is designed for commercial producers in leafy green, microgreen, and pharmaceutical production.

The company received a $100,000 Demonstration Fund loan for product refinement.

Pitchly, Inc. (Des Moines)

Pitchly is a web-based content service platform used by law firms, banks and accounting firms to store proprietary information about the advice and outcome of client services performed by their firm.

The company received a $100,000 Demonstration Fund loan for hiring key personnel, market planning and market entry activities.

Previous coverage

Pitchly completes seven-figure seed investment round –August 21, 2018

Nebullam: Indoor Farming –April 17, 2018