Tech Company Financing Transactions
PowerPollen Funding Round
PowerPollen, based in Ankeny, secured $13 million from Ag Ventures Alliance and Iowa Corn Growers Association.
Transaction Overview
Company Name
Announced On
8/19/2020
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Series B
Proceeds Purpose
The Ankeny-based company will use the funding to accelerate global adoption of its pollination on-demand technology in corn seed production and expand innovation to corn grain, wheat, and rice.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
2302 SE Creekview 6
Ankeny, IA 50021
USA
Ankeny, IA 50021
USA
Phone
Website
Email Address
Overview
PowerPollen (a company of Accelerated Ag Technologies) is an advanced yield enhancement technology that enables higher productivity in seed and grain production. The technology is designed to improve crop yield and genetic purity, cut down on resources, and reduce seed production costs by 20%.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Todd Krone
Chief Scientific Officer
Mark Westgate
VP - Operations
Michael Lauer
VP - Regulatory Affairs
Federico Valverde
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