KANSAS CITY, Mo.—FEBRUARY 9, 2017—TechAccel and Iowa Corn Opportunities today announced separate investments in Agrivida Inc., a St. Louis-based agriculture technology company focused on animal nutrition.
These strategic investments come on the heels of Agrivida’s announcement of a $20.4M Series E financing round completed in September 2016. Terms of TechAccel and Iowa Corn Opportunities investments were not disclosed.
“We see Agrivida and its technology as a great new platform for using corn as a cost- competitive factory for a wide variety of products,” said Brian Jones, Chief Operating Officer of the Iowa Corn Growers Association, parent company of Iowa Corn Opportunities.
“Agrivida is poised to create a disruption across enzyme manufacturing and animal nutrition,” said Michael Helmstetter, Ph.D., President and CEO of TechAccel, a venture and technology development firm. “Consistent with the TechAccel business model, we are excited to take a key role in developing the science to expand the potential of Agrivida’s technology.”
Agrivida has a patented technology using protein expression in grain to simplify the process of enzyme production. The company is commercializing its patented GRAINZYME® feed additive enzymes for use with poultry, swine, dairy and beef cattle.
Former Joint Chiefs of Staff Chairman Rounds Out Eminent Board of Kansas City Leaders
KANSAS CITY, Mo.—January 31, 2017—Richard B. Myers, president of Kansas State University and the former Chairman of the Joint Chiefs of Staff, has joined the Board of Directors of TechAccel LLC, effective immediately.
TechAccel, based in Overland Park, Kansas, is a technology and venture development organization focused on agriculture and animal health sectors. It was founded in 2014 by Kansas State University with Michael Helmstetter, Ph.D., and the Bicknell Family Holding Company.
“We are honored to welcome President Myers to TechAccel,” said Michael Helmstetter, Ph.D., President and CEO of TechAccel. “From my past experience working with Myers on the Board of MRIGlobal, I know he will bring invaluable leadership as an advocate for the advancement of technology in agriculture and animal health.”