InnoVenture Iowa’s second-quarter update included the announcement of four new portfolio companies. The $30 million fund now has 12 portfolio companies. The four new companies are:
- Foundations in Learning: An evidence-based learning tool that provides targeted, validated reading solutions in the K-12 market. Their flagship product, WordFlight, is the first of its kind to address automatic word recognition and decoding skills in kids who struggle with reading comprehension.
- VIDA Diagnostics: AI software that provides analytical tools to diagnose radiographic images of lungs. VIDA helps medical providers determine whether a patient has lung disease, and if so, what kind and precisely where it is located in the lung.
- Haber Technologies: A full-suite grain production system that enables farmers to more effectively store, dry and sell the grain they produce. Haber’s offering includes several hardware components (in-bin drying systems, auto fans and sensors) as well as a software component that gives the farmers remote control and access to their yield.
- ClinicNote: SaaS platform that provides an electronic medical record (EMR) for both university and private practice clinics. Poised to penetrate the private practice market, ClinicNote’s solution includes soap notes, scheduling, billing and standalone teaching tools.
The update also shared that applications for the second annual InnoVenture Challenge, a $100,000 pitch competition, will open Friday. Investment Director Kaylee Williams said in the update that InnoVenture Iowa will be announcing a new hire and is formalizing a lead investor syndicate, which will provide Iowa startups with more opportunity to meet out-of-state investors.