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
A coworking studio for artists, InterUrban ArtHouse to open in Overland Park
A new coworking and community space for artists is coming to the Kansas City area. Scheduled to open June 15 in Overland Park, the nearly 10,000 square-foot InterUrban ArtHouse is revamping a post office to become a shared space for 20 to 40 artists. The nonprofit is piggybacking on a popular trend in the metro…
Events Preview: Innovation Exchange, the Sales Series and April Tech Talk
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…
With data pouring in, leaders discuss what’s next for the Smart City
As Kansas City’s Smart City initiative wraps up its first phase, advisory board members on Monday began looking to the future of the public-private project. Since the initiative’s launch in 2016, the City of Kansas City, Mo. has established itself as a leader in smart city infrastructure, KCMO innovation analyst Kate Garman said. But while…
Athlete Network adds hall-of-famer Warren Moon to its roster
It’s not everyday that you add a hall-of-fame quarterback to your team. In establishing a new, high-impact advisory board, Athlete Network has landed former NFL superstar Warren Moon as a team member that will help guide the startup moving forward. Moon previously played for the Houston Oilers, Minnesota Vikings and other pro teams, racking up…