TechAccel Supports AgTech Firm with Equity and Science Advancement Research
KANSAS CITY, Mo.—March 28, 2017—Technology Acceleration Partners (TechAccel, LLC) today announced that it has completed an additional investment in Benson Hill Biosystems.
TechAccel is part of Benson Hill’s Series B $25 million capital raise co-led by Prelude Ventures and Lewis & Clark Ventures. TechAccel was also part of the company’s Series A round for $10 million in 2015. Since its initial investment, TechAccel has collaborated with the company on two science advancement projects. Additional investment details were not disclosed.
Benson Hill, based in St.Louis, Mo., is an agricultural technology company unlocking the genetic potential of plants through big data analytics and cloud computing.
“Benson Hill brings cloud biology to agriculture, applying a revolutionary convergence of big data, plant biology and predictive analytic technology to enable crop enhancements,” said Michael Helmstetter, Ph.D., President and CEO of TechAccel. “We are supporting this unique technology with strategic science advancement in target markets that complement Benson Hill’s core focus.”
TechAccel is a venture and technology development company focused in agriculture and animal health. The company invests in or acquires new technology and funds science advancement programs with research university partners to assist in commercialization.
Also see: AgFunder Exclusive — Benson Hill Biosystems Raises $25M Series B, Reveals CRISPR 2.0
About Benson Hill Biosystems
Benson Hill Biosystems is an agricultural technology company that unlocks the global genetic potential of plants to enhance the sustainability of food, feed, fiber and fuel production. Benson Hill and our partners harness natural and novel genetic variation through breeding, trait development, and genome editing to develop products that accelerate crop improvement. More information can be found online at www.bensonhillbio.com. Follow us on Twitter at @BensonHillBio.
TechAccel, LLC, was founded in 2014 as a first-of-its-kind technology and venture development company in the agriculture and animal health sectors. TechAccel sources, invests in and acquires early-stage innovations. Through collaborations with universities and research institutions, TechAccel conducts advancement and de-risking research and development to ready technologies for commercialization. For more information, visit www.TechAccel.net. Follow us on Twitter at @Tech_Accel.