Financial Plus Credit Union joined Ascentra Credit Union, Collins Community Credit Union and Serve Credit Union in a Series B funding round as Des Moines startup LenderClose is raising $10 million. The LenderClose platform, which recently added remote online notarization for customers, is now used by more than 200 credit unions and community banks nationally, […]

The Iowa Economic Development Authority board approved awards for four startups in Ames, Iowa City, West Des Moines and West Liberty, the board announced on Friday. IEDA awarded a $25,000 Proof of Commercial Relevance (POCR) loan to Ames-based Skroot Laboratory Inc., a $100,000 loan from the Demonstration Fund to Iowa City-based Malum Inc., a $100,000 […]

The Global Insurance Accelerator announced changes to the funding structure affecting startups that are accepted to the 2020 cohort, which is now accepting applications. The GIA will increase the seed investment to $75,000 in the form of a post-money Simple Agreement for Future Equity (SAFE), which converts to 5% of the company. By doubling the investment, housing […]

Cedar Rapids’ New Bohemian Innovation Collaborative, known as NewBoCo, last week unveiled several new initiatives including the expansion of its Iowa Startup Accelerator (ISA) program to Iowa City and a new $30 million venture fund to help propel those companies as they grow, reports the Corridor Business Journal.  NewBoCo leaders shared their big plans for […]

The Des Moines coding education nonprofit Pi515 received more than $62,000 in corporate grants and donations in the last year, the group announced this week. Pi515 received $22,000 from AT&T toward operations, a $30,000 grant from Coca-Cola and $10,000 in student scholarships from Dwolla’s 2019 Monetery Tech Summit. Through the Coca-Cola grant, Pi515 hired 14 […]

After securing $1.5 million in seed-round funding, a startup dedicated to employee retention is now seeking a few more employees to retain.  WorkHound, the Des Moines-based startup that gives “undesked” employees a mobile platform to send anonymous feedback to management, seeks to grow from 12 full-time workers in Des Moines and Chattanooga, Tenn., to a […]

West Des Moines-based Midwest Growth Partners, a private equity fund funded in 2013, has raised $113.5 million for a second fund, the organization announced on Monday. Twenty-six investors have invested in Midwest Growth Partners II LP, which will bring total private capital managed by the organization to more than $154 million. The second fund will […]

In the seventh year of the Business Record’s annual Leaders Survey, the Business Record asked local leaders whether they believe Central Iowa businesses had adequate access to venture capital. It’s a snapshot of our wider concerns – the survey, released in print and in daily e-newsletter snapshots, checks the pulse on some of Des Moines’ […]

Wireless communications company Electronic Engineering announced a donation of $20,000 in communications equipment and a work-study/tuition assistance program for students at Des Moines Area Community College with interest in electronic engineering, radio communications and robotics specializations. The work-study program will provide on-the-job experience for students with compensation for work, and funding assistance toward their education […]

Craig Ibsen, managing principal at Next Level Ventures, and Stephanie Atkin, vice president of marketing at Dwolla, at Thursday’s Power Breakfast: Innovation Acceleration. Des Moines talks a big game about Iowa being an innovation state, but at Thursday morning’s Business Record Power Breakfast, one audience member wondered: is this true in rural communities? Fair question, […]