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
Events Preview: Innovation Exchange, E Day at the K
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? Feel free to add it to the FWD/KC calendar for increased exposure. Once your event…
Networking with water balloons? Startup Games returns to Liberty Memorial lawn
With its official kickoff Friday morning, 1Week KC is returning in 2017 with an event to challenge area professionals with a variety of yard games near the Liberty Memorial. Presented by area recreation league KC Crew, the Startup Games are a relay-type competition in which participants are randomly broken up into teams and separated from…
Altruistic underwear maker MADI Apparel grows with chic, empathic approach
Hayley Besheer always considered herself to be a passionate and empathetic person. But what she initially struggled with was to figure out how to best contribute those skills to the world. “If you bring positive energy into the world, then you get it back,” Besheer said. “When you bring trust to the table, you get…
Area ag tech firm TechAccel expands to St. Louis
TechAccel announced Thursday that it will expand to St. Louis, Mo., opening office space within the Donald Danforth Plant Science Center, a nonprofit research center. Based in Mission, Kan., TechAccel is a venture and research firm that invests in advanced agriculture and animal health technologies. The development marks the first time the company has established…