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§ Venture Capital · Cedar Rapids, IA, USA
State initiatives offering seed capital and grant support for Iowa startups in manufacturing, biosciences, and IT.
The Iowa Seed Fund, based in Iowa, is an umbrella term for various state and community programs providing early-stage capital and support to emerging businesses. These efforts, including Iowa PROPEL and America's Seed Fund: Iowa Program, foster innovation by offering seed-stage financing and matching federal grants to companies under 500 employees. Collectively, these initiatives leverage state resources, including approximately $8 million in annual tax credits for Innovation Funds, to support manufacturing, biosciences, and information technology sectors. Prominent Iowa investors, including Harry Stine of Stine Seed, have actively backed related seed-stage capital endeavors. As a collective of programs, the Iowa Seed Fund lacks a specific founding year or designated founders. Its business model centers on unknown, related programs are government-backed with grants and tax incentives.
Iowa Seed Fund has 1 tracked investment across 1 company. The latest tracked deal is $5.0M Series B in VIDA in December 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 1, 2016 | VIDA | $5.0M Series B | Phil Stern | Alpha JWC Ventures, DST Global, Indicator Ventures, Jungle Ventures, Next Level Ventures, The Valley Fund, Y Combinator, Northern California Investment Fund, Rittenhouse Ventures, Rural Vitality Fund II |