Des Moines, Ames and Greater Iowa

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Funding Report Graphic

Gross-Wen Technologies Continues Strong 2019

By SPN Team / September 11, 2019

Ames, Iowa based Gross-Wen Technologies (“GWT”) filed paperwork with the SEC on Tuesday that it had raised an additional $1.25 million dollars.  The company which provides revolving algal biofilm system (“RAB”) to cost-effectively recover nutrients such as nitrogen and phosphorus from wastewater. GWT primarily serves customers (usually cities) that own wastewater treatment plants, and many…

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Iowa State Fair hosts Iowa State University pitch competition

By Justin Krug / September 4, 2019

More than 200 Iowa State University student and alumni entrepreneurs representing 168 business ventures gathered to pitch their products and services as part of Iowa State University’s exhibit in the Varied Industries Building at the Iowa State Fair. The event took place from August 8-18. Each pitch contestant competed for $1,000 to $5000 awards in the “Great Iowa State University STANDING innOVATION…

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Meet a Venture Firm: Innova Memphis

By Tom Chapman / September 3, 2019

The Innova Ag Innovation Fund IV has invested in five of the Silicon Prairie’s leading startups.  However, its origin suggests just how unlikely this was. In 2007, Innova Memphis was founded by Ken Woody as part of the Memphis BioWorks Foundation.  This foundation was part of an effort in Memphis, Tennessee to jumpstart the region’s…

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Accelerated Ag Technologies, aka PowerPollen, Receives Additional Funding

By Tom Chapman / August 27, 2019

On the 21st of August, Accelerated Ag Technologies, the parent to PowerPollen, filed paperwork with the SEC that it had received debt financing of more than $600k.  As you may recall, SPN profiled PowerPollen in early 2018, (http://siliconprairienews.com/2018/01/powerpollen-boosts-yields-cuts-costs-growers/). The company has created a new mechanism to harvest pollen and improve the creation of new seed. …

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Rantizo: improving the ag industry one drone at a time

By Justin Krug / August 22, 2019

Last week, SPN had the chance to speak with Michael Ott, founder and CEO of Rantizo – a company offering a unique, easy-to-use and cost-effective solution to agrichemical spraying via drones. Rantizo sells agricultural drones and drone spraying services. These drones deliver targeted sprays precisely where they are needed for various agricultural applications. Rantizo’s upgraded…

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FanFood announces partnership with Samsung

By Justin Krug / August 14, 2019

Last week, SPN had the chance to speak with Carson Goodale, founder, and CEO of FanFood. FanFood was originally formed in Iowa but the company has since moved to Chicago to pursue their business. FanFood is a mobile ordering and concessions management platform designed to improve the fan experience while streamlining the concessions management and…

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Andrew Yang to speak at Council Bluffs Tech Brew

By Tom Chapman / August 6, 2019

Andrew Yang is a technologist and entrepreneur.  He has founded companies and been an early executive at multiple successful firms, such as Manhattan Prep (a GMAT test prep company that was eventually sold to Kaplan, a part of the Graham Holding Company).  He is running for President.  This is not an endorsement article.  Silicon Prairie…

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First fundings research report

By Tom Chapman / August 2, 2019

In talking to Jessica Straus, Dundee Venture Capital’s new Venture Partner, it occurred to me that we should write an update on first fundings in what Straus called the “mighty middle”. This paper describes first fundings.  First fundings are a recordation of companies that raise capital for the first time.  This paper uses Pitchbook data…

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Iowa Economic Development Authority (IEDA) Provides Funds

By Tom Chapman / July 26, 2019

The Iowa Economic Development Authority (“IEDA”) announced that five companies had received demonstration funds from IEDA last week The five companies funded by the IEDA are:  Home Painter received a proof of concept loan of $25,000,  Lender Close received a Propel Loan of $250,000 from the Iowa Acceleration Fund,  MakuSafe received a…

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