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
Brood of Bird electric scooters land in Kansas City
Birds of a feather scoot together. Joining more than 20 cities across the U.S., Kansas City became the most recent community to welcome a flock of Bird electric scooters. The Los Angeles-based firm dropped off dozens of black, lithium-ion-powered scooters throughout Kansas City, allowing users to rent the vehicles and zip across town with a…
Photos: Kauffman’s ESHIP Summit sees strength in numbers, diversity
Despite a living legacy of ongoing entrepreneurial support, even the Ewing Marion Kauffman Foundation doesn’t have all the answers, Wendy Guillies told a 600-strong crowd at Wednesday’s ESHIP Summit kickoff in Kansas City. “We approach our work with a great deal of humility,” said Guillies, Kauffman Foundation president and CEO. “We need to listen and…
Rewriting the playbook: ESHIP Summit eyes new model of economic development
Whether it be in art, technology or science, fledgling fields of study often face challenges of legitimacy when they enter the mainstream. Such is the case for the domain of ecosystem building, which struggles to find validity for and unity among those working to create vibrant communities in which entrepreneurs thrive, said Victor Hwang, vice…
Manual entrepreneurship, refuge: ‘Farming is just the vehicle,’ says BoysGrow founder
“What’s the word?” “Respect!” shouted the teenage farmhands at BoysGrow, a two-year program dedicated to teaching entrepreneurship to urban youth through agriculture and farming. The 10-acre BoysGrow farm outside Grandview plays host to 30 to 40 boys, ranging in age from 15 to 17. They work, eat and learn on the nonprofit farm three days…