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GIA Graduate Cowbell Cyber Raises $20 Million In Series A Funding
Cowbell Cyber, an AI-powered cyber insurance provider based in Pleasanton, California, has closed $20 Million in Series A funding to scale its game-changing offering for continuous underwriting and closed-loop risk management. Brewer Lane Ventures led the investment with participation from Pivot Investment Partners, Avanta Ventures, Markel Corporation, and two existing Iowa-based investors, ManchesterStory and…
Global Insurance Accelerator announces seven teams for 2021 cohort
The Global Insurance Accelerator (GIA) has announced the seven startups that will make up its 2021 cohort. The cohort will launch on January 19 with the seven InsurTech companies virtually joining the accelerator’s annual 100-day program.  “With the 2020 experience and the continued support of our insurer investors and industry mentors, we moved forward with…
Middle Bit: UIowa honors seven leading business innovators
The University of Iowa has announced the 2020 recipients of the Iowa Innovation and Entrepreneurial Honors. Recipients of the Honors were selected for their significant accomplishments in both entrepreneurship and innovation, as well as their impact on their communities. Here are the recipients: Alumni Entrepreneur of the Year | Scott Heiferman, Meetup Young Alumni…
Seven companies pitch virtually to cap off GIA’s 2020 cohort
The culmination of the Global Insurance Accelerator and its 100 day program came Wednesday afternoon as the seven companies in the 2020 cohort presented to more than 350 people who attended the online event. On March 16, day 63 of this year's cohort, the GIA converted its 2020 cohort to a fully remote program.  "We have…
Meet the Global Insurance Accelerator’s 2020 cohort
The Global Insurance Accelerator (GIA) has announced the eight insurtech startups that will make up the 2020 cohort in Des Moines, starting on January 14. "This year's cohort of companies is solving big and important problems, each of which continues to align with the GIA's mission of driving innovation in the insurance industry," said Nicole Gunderson, managing…
Meet Nicole Cook, GIA’s new Managing Director
The Global Insurance Accelerator (GIA) announced last week Nicole Cook as its new Managing Director. Cook will take over full time after current Brian Hemesath, the current Managing Director, steps down from his role on May 1, after the conclusion of the 2019 cohort. Leading up to May 1, Cook will work along with Hemesath…
Global Insurance Accelerator
Global Insurance Accelerator announces ten teams for 2019 cohort
The Global Insurance Accelerator (GIA) has announced the 10 InsurTech startups that will make up the 2019 cohort in Des Moines, starting on January 15. "It has been an incredible journey," said Brian Hemesath, managing director of the GIA, in an announcement of the cohort. "Today, employees of insurance companies, like those representing our investors as GIA…
Insurtech Week brings together insurance startups from around the world
16 insurtech startups gathered in Des Moines last week along with technology, innovation, and business leaders from the insurance industry for a number of innovation activities put together by the Global Insurance Accelerator (GIA). The activities included innovation presentations, co-working, networking, education and matchmaking for pilots and capital raises with the bulk of the week's activities…
Global Insurance Accelerator Archives | 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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