Investments & Funding

Funding Report Graphic

Intellivisit Continues to Expand Virtual Healthcare

By SPN Newsroom / September 19, 2019

Wisconsin based Intellivisit continues to expand.  According to recent filings at the SEC, the company raised $692k this month from undisclosed investors. The company was founded in 2014 by Jay Mason, Jeff Miller, and Michael Eaton.  Since its inception, the company has expanded to serve customers in six states including many areas of Wisconsin.  This…

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Kingland Systems Raises Another Round of Capital

By Tom Chapman / September 17, 2019

Last week, Kingland Systems which has offices in Clear Lake and Ames filed paperwork with the SEC that it had received $1 million in angel capital.  September 2019’s $1 million is in addition to the $1.5 million that was raised in 2018. Kingland Systems was founded in 1992 by David Kingland.  The company provides a…

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Research: State Funding Report for the Silicon Prairie

By Tom Chapman / September 16, 2019

2018 was a terrific year for the Silicon Prairie regarding venture dollars deployed.  More than $6.1B was deployed in the region.  While the number of companies receiving funds was about 8% lower (approximately 1450 companies were venture backed in the region), the amount of funding was up more than 34.5% from 2017 to 2018.  Thus,…

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Large Series A Round for Minnesota Based 75F

By SPN Team / September 11, 2019

Last week, Twin Cities based 75F announced that the company had raised more than $18 million in a Series A round of financing led by Breakthrough Energy Ventures and Oil & Gas Climate Initiative.  Building Ventures, Revolution, and Clean Energy Trust participated in the round. The company was founded in 2012 and has been slowly…

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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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Illustration of rocket over Lincoln

Non-Dilutive Capital Grants Help Lincoln Startups

By SPN Team / September 9, 2019

LaunchLNK is a local program in Lincoln, Nebraska that helps startups find early stage, non-dilutive capital. LaunchLNK, and their partners provide $25,000 as a grant to early stage companies that agree to live and work in Lincoln for a year. This grant was modeled on programs in Buffalo, NY and St. Louis. In some instances,…

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Another Raise for Inprentus

By SPN Team / September 5, 2019

Inprentus, a Champaign, Illinois, company filed paperwork with the SEC on Friday that it had completed a raise of more than $1 million.  Inprentus makes blazed diffraction gratings used at synchrotrons and free electron laser facilities.  The company was created in 2012 by University of Illinois faculty member, Peter Abbemonte. Inprentus build diffraction gratings for…

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Aker logo

Precision Farming Startup Receives Funding

By Razia Aziz-Seible / September 5, 2019

Winnebago, Minnesota-based AgTech-startup, Aker Technologies (formerly Leading Edge Technologies), announced on August 27th that it has raised equity financing of $2.6M to further develop its crop diagnostics and analytics platform, specifically its TrueCause™ and Aker Pest Network™ services. The company also recently set up offices in Creve Coeur, Missouri, part of Greater St. Louis, to…

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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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iotaMotion Completes $2.52 Million Round

By SPN Team / September 3, 2019

Last week, Iowa City based iotaMotion CEO and co-founder, Chris Kaufmann, MD, announced that the company had completed its usability testing and raised $2.52 million in funding to help the company continue building products and managing the regulatory hurdles associated with commercialization. “We’re pleased to have completed this second round of friends-and-family financing with participation…

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