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
This AI keyboard can write your next email with the push of just one button; its creator says it could revolutionize workplaces
Hardware — not just software — should be at the forefront of the AI’s future, Jerry Hsu shared. After the successful release of its GPT-powered AI mouse, Jethro V1, in late 2024, Overland Park-based Virtusx — which is revolutionizing workplaces through integrating hardware and software to make AI-driving products more accessible and user-friendly — has…
Alexa, show me the winners: Storytailor leads Pure Pitch Rally prize tally ahead of tech launch
Storytailor’s marquee Pure Pitch Rally win comes at the perfect time for the Kansas City startup, its founders said. They’re preparing to roll out a new immersive storytelling platform through a partnership with Amazon’s Alexa+ next year — a move expected to bring their tech to more than 200 million Prime users. “It’s the most…
LISTEN: How the Midwest opened this German agtech company’s eyes to opportunity in the US
On this episode of our 12-part Plug and Play Topeka podcast series, we connect with Débora Moretti, co-CEO of NutriSen — a Berlin-based agtech startup building real-time molecular sensors to measure nutrient concentrations in plants directly on the field. Moretti shares how her team, alongside co-founder Tobias Vöpel, is merging biosensor technology, data-driven insights and…
Crossing lanes: KC Streetcar collaborators back aboard for expansion, dropping new merch, anthem
Opening the extended KC Streetcar line Friday completes a loop for creatives whose collaborations with the popular public transit system first emerged nearly a decade ago along Main Street — a time when Kansas City’s surging vibrancy helped curb streetcar doubters. “For us, it’s always been about representing Kansas City — the people, the culture,…