Ag Startup Engine has made an initial investment of $50,000 in Ames based startup Haber Technologies, a company founded by a pair of Iowa State University alumni which is commercializing grain bin drying technology to eliminate post-harvest loss.
“This seed round will allow us to bring Haber fully into the market, to commercialize the technology which, last year, we proved works,” said Dillon Hurd, co-founder and CEO of Haber. “We’re very thankful for all our partners and participants and are excited to join the Ag Startup Engine.”
With its innovative grain bin drying system, the DRI-Stack, Haber reduces damage and spoilage once corn is harvested. Their system will allow farmers to harvest earlier, reduce utility costs, increase corn grade and longevity, increase safety, and make drying a faster process.
“Haber is deploying a technology that will keep stored grain in better shape at less cost. It’s a compelling value proposition and we’re excited to provide help in moving it to the marketplace,” said Kevin Kimle, co-director of Ag Startup Engine.
Over the next year, Ag Startup Engine plans to add up to three more agtech startups like Haber Technologies to its portfolio ranging from animal health to precision agriculture.
This is the thirteenth company Ag Startup Engine has invested in since it launched nearly three years ago. Over the next year, Ag Startup Engine says it plans to add up to three more agtech startups like Haber to its portfolio, ranging from animal health to precision agriculture.
Ag Startup Engine makes initial investment in Sentinel -Jan. 29, 2020
Ag Startup Engine makes initial investment in VetMeasure -June 11, 2019
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