TechAccel hops in $3.2M round for Lincoln-based ag tech firm
March 9, 2017 | Meghan LeVota
Kansas City-based TechAccel is joining an investment round in a Nebraska agriculture tech firm that aims to improve crop yields.
The area venture firm is among a group of investors in Lincoln-based Epicrop Technologies Inc., which raised a total of $3.2 million in its Series A round, which was led by North Forty Ventures. TechAccel — which joined Nelnet, Speedway Properties and Allen & Company as investors — declined to disclose the value of their investment.
TechAccel said in a release that the firm is committed to support scientific advancements such as those produced by Epicrop, which developed an “epigenetic” technology. Epigenetics is the study of changes in organisms caused by modification of gene expression, rather than altering the genetic code.
“We’re excited to have TechAccel in our corner, both as an investor and a research partner advancing our technology,” Epicrop CEO Dr. Michael Fromm said in a release. “Their expertise and support will help Epicrop accelerate its programs demonstrating the enormous potential of epigenetics to increase yields and stress tolerance in a variety of crops.”
Combining epigenetics with agriculture, Epicrop co-founder Dr. Sally Mackenzie created a technology that uses conventional plant breeding techniques with molecular markers, enhancing yield in select plants. Greenhouse trials show that Mackenzie’s technology increased yields and stress tolerance for soybeans, tomatoes and sorghum.
“The pressure is on all of us in agriculture to deliver higher performing plants in the face of challenges like climate change and increasing global demand,” Dr. Mackenzie said in a release. “This technology is a critical step forward in addressing those problems head on.”
In December, TechAccel announced a $250,000 partnership with Donald Danforth Plant Science Center, a St. Louis-based nonprofit research institute. Founded in 2014, TechAccel specializes in ag and animal health technology. The firm invests in, sources and acquires early-stage innovations through collaborations with various institutions.
2017 Startups to Watch
stats here
Related Posts on Startland News
Techstars Spotlight: Hanzo’s e-commerce tools designed to make you money
When a small business uploads its products to a third party e-commerce platform like Amazon, it’s giving away control, David Tai said. “With things like Etsy and Amazon, it’s very hard to communicate and build your brand because you’re building your brand on their platform,” said Tai, CTO of Hanzo. “Your products are next to…
‘Badasses’ at Women’s Capital Connection double dollars invested since 2015
More women in Kansas City are realizing the valuable opportunities offered by early-stage investing — and it’s translating into significant growth for the Women’s Capital Connection. The regional investment network has grown not only its number of member investors by about 40 percent in the past three years, but also has more than doubled the…
Events Preview: Women in science, Friday the 13th Second Fridays
There are a plethora of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious community member — we recommend these upcoming events for you. Are you hosting a relevant community event? Add it to the KCSourceLink Calendar for increased exposure. Email info@kcsourcelink.com for assistance. International Trade…
Cerner ‘call for innovation’ hopes to bring brand to life alongside KC startups
One of Kansas City’s largest employers is looking for help from the smaller firms in its backyard. Health IT giant Cerner Corp. is looking to collaborate with startups and entrepreneurs to feature their innovative custom furniture, properties or experiential design elements for a coming conference. If selected, each startup’s work would be featured in front…