Ag Startup Engine announced today a $25,000 investment in Ames-based startup Skroot Laboratory.
Founded in 2018, Skroot Laboratory produces wireless sensor systems for upstream biotherapeutic process developers which allow them to make rigorous models, reduce risk of progressing costly conditions and decrease time to market.
“We are very excited to have Ag Startup Engine as our first investor,” Nigel Reuel, President and Founder of Skroot Lab said in an announcement. “They have already provided critical connections and we are proud to have a local network of experienced founders that support our company that we want to grow in this community.”
In January, Skroot Laboratory was awarded a $25,000 Proof of Commercial Relevance (POCR) loan from the Iowa Economic Development Authority for product refinement, market planning and market entry activities and key personnel.
“This technology will have broad applications for several industries including animal health and cellular agriculture,” said Joel Harris, co-director of ASE. “Nigel has proved to be a disciplined operator with previous startup and corporate experience. It is inspiring what his company is accomplishing in Ames, Iowa.”
Over the next year, Ag Startup Engine plans to add up to three more agriculture technology startups like Skroot Laboratory to the portfolio ranging from animal health to precision agriculture.