The Iowa Economic Development Authority (IEDA) has awarded funding to four Iowa startups. In total, $350,000 was awarded to the startups. Here are the startups that received funding.
AxisU
With a focus on apprenticeship opportunities, AxisU of Ankeny connects pre-qualified candidates to local trades-based employers. The platform also provides ongoing apprenticeship training that, when combined with on-the-job…
Funding
OpenLoop, a Des Moines-based provider of white-label telehealth support services, raised $15M in Series A funding.
The round was led by Nava Ventures, with participation from new investors UnityPoint Health Ventures and PrimeTime Ventures, and existing investors SpringTide Ventures and ManchesterStory.
The company plans to use the funds to accelerate growth and expand operations.
OpenLoop…
The Iowa Economic Development Authority (IEDA) has announced financial assistance for three companies in Iowa in the first round of innovation awards funded through the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI).
Iowa’s SSBCI program, announced in October 2022, is a $96 million investment in growing Iowa's small businesses, including startups,…
Growers Edge, a financial technology company serving the ag industry, announced this week the successful close of a $15 million Series B extension round of financing.
The latest round of funding was led by S2G Ventures and Cox Enterprises, along with existing investors iSelect Fund, Skyline Global Partners, Finistere Ventures and Bunge.
In conjunction…
Moov Financial has raised $45 million in Series B to expand its money movement platform.
The funding round was led by Commerce Ventures, with participation from Andreessen Horowitz, Bain Capital Ventures (BCV), Visa, and Sorenson Ventures. The new capital will be used to grow both the platform and its utilization by customers.
"We are grateful that Commerce Ventures and…
A planned beef packing plant in western Iowa announced this week that it has received a $150 million investment from a Florida firm.
Cattlemen’s Heritage Beef Company has been working on the proposed packing plant since it was first announced in the summer of 2021. The packing plant will be built on the northern edge…
The Iowa Economic Development Authority (IEDA) has approved innovation funding in support of three Iowa startups. In total, $250,000 was awarded. Here are the startups that received funding.
Cavergence
Tech startup Cavergence in Cedar Rapids develops software for construction project management. The technology has the potential to save money, increase productivity and ensure on-time delivery.
The company was…
Bristola, a Des Moines-based clean energy technology and maintenance company, announced last week the successful close of a follow-on equity investment of $1.1 million.
Bristola is a renewable energy technology services company that has a technology that revolutionizes the servicing, cleaning and maintenance in the renewable energy digester industry.
Bristola’s patented technology is…
Hummingbirds, an online platform that connects businesses with hyper-local content creators, announced this week it has raised over $1 million in funding.
The round was led by Chicago-based venture capital firm M25 with participation by Next Level Ventures, InnoVentures Iowa, ISA Ventures, Mango Seed Investments and a handful of angel investors.
Hummingbirds is a platform…
The University of Iowa has been awarded an $8.2 million grant to enhance the growth of bioscience research and economic development on the campus.
“We recognize the level of in-depth and high-quality, valuable research being conducted at the University of Iowa to further advance the health of the people of our state, our nation and…
The Iowa Economic Development Authority (IEDA) has approved innovation funding for two Iowa startups located in Coralville and Des Moines.
CartilaGen
Coralville-based CartilaGen produces an intra-articular injection of small-molecule drug which effectively prevents post-traumatic osteoarthritis (PTOA). This is a novel accomplishment that has yet to be demonstrated by any therapeutic. The technology has demonstrated strong preclinical results and is…
Tractor Zoom, an Urbandale-based auction marketing and equipment pricing company, has raised $5 million in Series A funding for its digital marketplace that streamlines the equipment-procurement process for farmers and vendors.
The funding round was led by Builders VC of San Francisco and Bienville Capital of New York. Next Level Ventures, ISA Ventures, Ag Ventures Alliance, Wintrust Ventures, Innova…