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
Product Hunt enters KC market, offers onboard for entrepreneurs
A popular international product discovery platform is hoping to engage more tech entrepreneurs in the Kansas City area. Product Hunt — a website that features new products such as apps, hardware and other tech creations — recently launched a series of meetings in Kansas City in hopes of garnering more products from the area for…
Developer conference hopes to boost KC’s tech profile
A group of local tech talent is banding together to bring global exposure to Kansas City’s tech scene. Set to kick off Wednesday, the two-day Kansas City Developer Conference hopes to engage techies with all aspects of software development. In addition to connecting developers, the seventh-annual conference aspires for a bigger mission: to put KC…
Blooom makes national TV debut
Overland Park-based financial tech firm Blooom hopes to seed new growth opportunities after a recent national TV appearance. Blooom CEO Chris Costello and President Greg Smith hopped onto Fox Business Tuesday to discuss 401(k) management and their company, which created an online 401(k) management tool that’s seen solid early traction. The tool uses a flower in various…
KC tech firms respond to ‘bleak’ millennial voter turnout
A meager millennial voter turnout in Kansas City’s recent municipal elections is compelling local organizations to combat apathy with technology. More Kansas Citians 90 and older cast ballots in the City of Fountain’s 2014 municipal elections than voters under 30, according to a study by Kansas City-based civic engagement company mySidewalk. A paltry 0.7 percent…