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Funding

Continuum Ag raises $475K round, partners with Rabobank on carbon sequestration program
Washington, Iowa based startup Continuum Ag has raised a $475,000 investment round led by Clean Energy Trust. Additional investors in the round include Ag Startup Engine and Ag Ventures Alliance. Continuum Ag’s TopSoil is an online management platform where farmers can map out their fields and gather data to map soil health. TopSoil helps Farmers use technology like machine…
Ag Startup Engine invests $50,000 in Nebraska-based Birds Eye Robotics
Ag Startup Engine announced today an initial investment of $50,000 in Herman, Nebraska-based Birds Eye Robotics. Birds Eye Robotics designs broiler house solutions to improve facility upkeep and bird welfare, and to address labor market pressure on poultry farmers. “Birds Eye Robotics supports commercial poultry operations through cutting edge technology and farmer common sense,” said Scott…
IEDA awards funding to three startups
The Iowa Economic Development Authority (IEDA) board has awarded innovation funding to three Iowa startups. In total, $525,000 was awarded. Here are the three startups that received funding. Farmer's Risk (Ames) Based in Ames, Farmer’s Risk is a software platform that aggregates the critical risk management components used by farmers. It aggregates crop insurance choices, cash sales data, and…
IEDA approves projects for five Iowa companies
The Iowa Economic Development Authority (IEDA) Board approved awards for five Iowa companies, which will assist in the creation of 170 jobs and result in $50.4 million in new capital investment for the state. The five projects are located in Cedar Rapids, Denison, Indianola, Louisa county and Webster county. All five of the projects…
Gross-Wen Technologies raises $6.5 million Series A round
Ames startup Gross-Wen Technologies has raised a $6.5 million Series A investment round, co-led by ISA Ventures and Iowa Farm Bureau’s Rural Vitality Fund. Other investors included Next Level Ventures, Mid-American Angels, Ankeny Angels, Ag Startup Engine, Oman Ventures, and 1330 Investments. Gross-Wen Technologies has a patented wastewater treatment technology that uses algae to…
Dryland Genetics Raises $3.8 million fundraising round
Dryland Genetics in Ames has raised $3.8 million in venture funding in a round led by Next Level Ventures and Stine Seed Farm, with additional investment coming from the company’s existing investors. Founded in 2014 and based at the ISU Research Park, Dryland Genetics employs advanced breeding technologies to create a more resilient and sustainable food…
Ames startup Farmers Risk receives $50,000 investment from Ag Startup Engine
Ames-based startup Farmers Risk has received an initial $50,000 investment from Ag Startup Engine. Farmers Risk’s mission is to democratize the tools available to help farmers manage risk and create more predictable revenue on the farm. Farmers Risk has built software tools that consolidate core risk management decisions into a single source which makes understanding risk easy,…
This Des Moines venture fund is investing in early-stage healthcare companies
For the past two years, UnityPoint Health Ventures—the venture capital arm of UnityPoint Health—has been investing in early-stage health care companies. Founded in May 2019 with an initial $100 million fund, the Des Moines-based venture firm makes direct investments in healthcare companies and helps them scale and deploy their technologies across UnityPoint Health hospitals and clinics. To…
Funding Archives | Page 5 of 14 | Clay & Milk
A central Iowa ag-tech accelerator has secured more backers and finally has a name. The Greater Des Moines Partnership first announced the accelerator last year, naming four initial investors. On Monday, the Partnership said the program will be called the "Iowa AgriTech Accelerator" and named three new investors. The new investors include Grinnell Mutual, Kent Corp. and Sukup Manufacturing, all Iowa companies. They join investors Deere & Co., Peoples Co., Farmers Mutual Hail Insurance Co. and DuPont Pioneer. Each investor has agreed to put up $100,000 for the first year of the accelerator. Startups entering the program will receive $40,000 in seed funding in exchange for 6 percent equity. Tej Dhawan, an angel investor and local startup mentor, is serving as interim director until the AgriTech Accelerator names a permanent leader. Dhawan held a similar role with the GIA before Brian Hemesath was named as managing director. As interim director, Dhawan said his main job includes hiring the accelerator's executive director, establishing a business structure and initial recruiting for the first cohort. The accelerator will place few filters, such as location and product, on the applicant pool, Dhawan said. "When you’re seeking innovation, innovation can come from every corner of the world so why restrict ourselves," he said. One area the the AgriTech Accelerator won't recruit from is biotech. For its first cohort, the AgriTech Accelerator will work out of the GIA's space in Des Moines' East Village, Dhawan said. A future, permanent home is still to be decided. The accelerator's program will host startups from mid-July through mid-October, ending with an event connected to the annual World Food Prize. The GIA, which the AgriTech Accelerator is based on, also ends with presentations at an industry event. The accelerator has also started lining up a mentor pool. The Iowa Corn Growers Association, Iowa Soybean Association and the Iowa Pork Producers Association have agreed to provide mentors, as has Iowa State University. While the AgriTech Accelerator is loosely based off of the GIA, it will differ in its business structure, Dhawan said. The GIA runs through a for-profit model for both operations and its investment fund. The AgriTech Accelerator will have a nonprofit model for its operations and a for-profit setup for its fund. Dhawan said the nonprofit model is being used so the accelerator can better work with other nonprofit partners, such as trade associations. "These are all organizations that are nonprofits and can be amazing stakeholders without ever having to be investors in the accelerator," he said. "It becomes easier to work with trade associations in their nonprofit role when we are also a nonprofit." When it's up and running, the AgriTech Accelerator would be one of a handful of ag-focused startup development programs in Iowa. Others include the Ag Startup Engine out of Iowa State University and the Rural Ventures Alliance from Iowa MicroLoan. Matthew Patane is the managing editor and co-founder of Clay & Milk. Send him an email at mpatane@clayandmilk.com.
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