Investing in Iowa: Q3 2019

The following is a list of all known investments raised by Iowa companies in the third quarter of 2019. In Q3, Iowa-based companies raised $21,362,000. That combined with the investments from Q1 and Q2 brings the total amount raised through the first two quarters of 2019 to just over $36 million.

Here is a list of Iowa companies that raised investment money in Q3 of 2019.

Q3 2019

CompaniesLocationAmount RaisedDate
Accelerated Ag Technologies (Power Pollen)Ankeny$640,0008-21-19
AgCertain IndustriesAmes$8,800,0007-19-19
GKAT Reclamation Des Moines$250,0009-20-19
Gross-Wen TechnologiesAmes$1,250,0009-11-19
Iota MotionIowa City$2,252,0009-3-19
JBI DistributorsRed Oak$100,0009-20-19
Kimle Aquaculture Ames$100,0009-20-19
Kingland SystemsAmes$1,000,0009-17-19
RantizoIowa City$40,0009-12-19
SwineTechCedar Rapids$3,100,0007-10-19
TractorZoomWest Des Moines$1,500,0007-16-19
Vet MeasureAmes$100,0008-17-19
Vida DiagnosticsCoralville$2,230,0007-25-19

Investments saw big jump compared to first two quarters

Q3 was by far the biggest investment quarter of 2019 so fat. Companies raised more than the amount raised in Q1 and Q2 combined.

7 of the 13 companies that raised money in Q3 raised over $1 million. The average investment amount raised per round was $1.64 million.

Ames companies receive large amounts of funding

Ames-based companies did extremely well this quarter. Five of the thirteen companies that raised money this quarter were from Ames. In total, Ames companies raised $11.25 million in Q3.

So far in 2019, Ames companies have raised $12.5 million.

NewBoCo launches $30 million venture fund

Q3 also saw the launch of new $30 million venture fund.

NewBoCo announced this last month, at its inaugural Annual Meeting, the ISA Ventures Fund (ISAV), a $30 million multi-stage fund focused on bringing capital to early-stage startups, fast-growing companies, and expansion-stage companies to Eastern Iowa.

The Fund will provide a wide range of resources in addition to capital, including technology, sales and marketing support to selected startups. 

The fund will invest in about 125 companies from 2020-2024, across a variety of industry sectors. Companies will range from early stage startups to mature, expanding companies.

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.