Skip to content Skip to footer
LightEdge acquires IT solutions provider NFINIT
LightEdge, a provider of colocation, cloud, and managed service solutions, announced this week the acquisition of NFINIT, an infrastructure solutions provider based in San Diego. “We are extremely pleased to join forces with a very talented and quality NFINIT team,” said LightEdge CEO Jim Masterson in release. “Thanks to NFINIT’s reputation as the incumbent and…
Basis Theory raises $17 million funding round
Data security company Basis Theory announced last week that it has launched out of its beta and has raised $17 million in funding from Bessemer, Kindred, Conversion Capital, BoxGroup, Offline Ventures, and others to make securing, using, and managing sensitive data easier for developers. The Basis Theory team has developed a compliant, easy-to-use platform that…
ISU research team wins $1 million award for carbon removal plan
An Iowa State University research team has won a $1 million award for its vision to remove carbon from the atmosphere. The ISU research team has developed a demonstration-scale pyrolyzer capable of sequestering thousands of tons of carbon dioxide a year.   The milestone prize from XPRIZE provides $1 million to the carbon removal team…
Investing in Iowa: Q1 2022
Investing in Iowa is a quarterly review of all investments made into early-stage companies that are located in Iowa. The series is sponsored by America's Cultivation Corridor, an organization focused on building opportunities for agricultural bioscience research, innovation and entrepreneurship in Iowa. Iowa startups raised nearly $28 million in Q1 of 2022. Since the beginning…
Iowa Innovation Challenge announces winners, awards $100K+ in prizes
More than $100,000 in prize money was awarded to 19 companies this week through the second phase of the University of Iowa's Iowa Innovation Challenge. S5G Therapeutics, a pharmaceutical eye drop compound that provides ocular protection, took home $25,000 for first place in the Innovation Challenge graduate/faculty/staff/incubator startup division. Winning a $15,000 second-place award in…
BrokerTech Ventures announces its 2022 cohort
BrokerTech Ventures (BTV) has announced the 12 insurtech startups that will take part in the 2022 cohort. “As we kick off the third year of our BTV Accelerator, I am thrilled with the diversity of technologies we were presented and will move through the accelerator, as well as the amount of international interest and presence…
EasyKnock relaunches FarmlandFinder platform
EasyKnock today announced the relaunch of FarmlandFinder, an online sale-leaseback platform for farmland. The new FarmlandFinder platform will exclusively offer sale-leasebacks to farmers and can help them achieve goals such as strengthening balance sheets, funding operations, eliminating debt, and buying more land. "As a fifth-generation dairy farmer, I have seen firsthand the difficult situations…
Workiva acquires ParsePort for $100 million
Workiva announced today that it has acquired Denmark-based ParsePort for $100 million. ParsePort has been assisting companies in Europe with financial reporting for more than a decade. ParsePort solutions help authorities, banks, insurance companies, pension funds, auditors, publicly listed and smaller companies all over the world file financial reports in accordance with GAAP requirements. “Workiva offers…
Clay & Milk | Page 2 of 125 | Covering Iowa's startup, entrepreneurial and tech communities
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.
This Pop-up Is Included in the Theme
Best Choice for Creatives
Purchase Now