Investing in Iowa: Q2 2019

The following is a list of all known investments raised by Iowa companies in the second quarter of 2019. In Q2, Iowa-based companies raised $7,555,000. That combined with the investments from Q1 brings the total amount raised through the first two quarters of 2019 to $14,914,000.

Here is a list of Iowa companies that raised investment money in Q2 of 2019.

Q2 2019

CompaniesLocationAmount RaisedDate
droneSAR Des Moines$40,00005-14-19
Greenfield Nitrogen, L.L.C.Garner$3,000,00004-02-19
Haber TechnologiesAmes$310,00005-24-19
iotaMotionIowa City$100,00004-07-19
HealthTech SolutionsCoralville$50,00005-03-19
Point of Choice, LLCFairfield$1,730,00006-04-19
WorkhoundDes Moines$1,500,00006-18-19

Investments happened all around the state this quarter

Q2 of 2019 saw nine different investments to companies from six different cities throughout Iowa. This contrasts with investment data Clay & Milk has tracked up until this point.

In Q1 of 2019, seven of the nine companies that received money were from either Des Moines or Ames, with the other two being from Cedar Rapids and Iowa City. In 2018, 18 of the 31 companies that raised investment money were based in Des Moines or Ames.

Investments continue to see a dip in size

While the number of companies that raised money this quarter stayed roughly the same, the size of the rounds decreased. The average amount raised this quarter was just over $839,000.

For comparison, in 2019, 31 companies raised a total of over $105 million, making for an average round size of nearly $3.4 million. 17 of the 31 companies that raised capital in 2018 had rounds of over $1 million. So far this year, just 5 of the 18 companies to raise money have had rounds of $1 million or larger.

UnityPoint Health launches $100 million venture fund

While Q2 continued to see a decrease in investments compared to 2018, it did see the launch of new $100 million venture fund.

In May, West Des Moines-based health care organization UnityPoint Health announced the launch of a $100 million venture fund that will invest in early-stage growth health service companies. From our findings, this is the largest venture fund ever that is based in Iowa.

Since announcing the fund, UnityPoint has already made a $1 million investment in Coralville-based VIDA Diagnostics paired along with strategic partnership with the company.

This list was made from a combination of SEC filings, Crunchbase and previous Clay & Milk stories from throughout the year. If you are aware of investments we have missed, please post them in the comments or send us an email and we will be sure to add them.

Clay & Milk composes a similar list of investments for every quarter to build a credible track record of capital raised throughout Iowa. Over time, we will continue to add analysis to these posts, comparing past time periods and noting trends as they appear.