Innova Memphis

Innova Memphis, established in 2007 by the Memphis Bioworks Foundation, is a venture capital firm located in Memphis, Tennessee. The firm specializes in pre-seed, seed, and early-stage investments in high-growth companies within the biosciences, technology, and agri-tech sectors. Innova aims to connect capital with innovative ideas to develop groundbreaking products and services. By investing in start-ups, the firm not only supports their growth but also facilitates partnerships with established corporations for licensing or further investment opportunities. With a team experienced in management and market expertise, Innova is equipped to transform concepts into viable business units ready to compete in the market. Their approach combines technical knowledge, proven staffing, and appropriate funding to maximize the potential for success in the competitive landscape.

Dean Didato

Partner

Ken Woody

Founder, President and Partner

Past deals in Iowa

Tractor Zoom

Series A in 2020
Tractor Zoom, Inc. is an online platform based in Urbandale, Iowa, that connects farm equipment auctioneers with buyers. Established in 2017, the company offers a mobile application allowing auctioneers to list and promote farm machinery auctions while enabling buyers to search and browse available equipment. Tractor Zoom serves as a search engine for heavy equipment auctions and provides a database for market trends, utilizing big data and technology to facilitate informed purchasing decisions. Its platform streamlines the auction advertising process, allowing users to access auction inventory nationwide and manage their equipment purchases conveniently from their mobile devices.

Rantizo

Series A in 2020
Rantizo, Inc. is a company based in Iowa City, Iowa, that specializes in the development and sale of agricultural drones and related equipment. Founded in 2018, Rantizo offers a range of products, including trailers, drone sprayers, spreaders, battery chargers, and batteries. The company provides spraying services for crops using an innovative electrostatic spraying technology that ensures uniform coverage, allowing farmers to apply pesticides and chemicals efficiently and effectively. Rantizo's system is designed to integrate with various drone manufacturers and agronomy systems, addressing key challenges in large-scale agriculture. By delivering targeted liquid and dry applications precisely when and where needed, Rantizo enables farmers to optimize their operations and improve productivity in the field.

SwineTech

Series A in 2020
SwineTech, Inc. is a company that specializes in artificial intelligence and sensor-based technology aimed at enhancing the welfare of pigs on sow farms within the pork industry. Founded in 2015 and based in Cedar Rapids, Iowa, SwineTech develops the SmartGuard platform, which monitors pregnancy and piglet-related activities in swine housing. This technology is designed to analyze data regarding sow health and detect potential issues that could jeopardize the well-being of both sows and their piglets. By preventing incidents such as piglet crushing, SwineTech's solutions contribute to increased pork production and overall herd health. Additionally, the company enables pork producers to manage and optimize on-farm processes remotely, thereby reducing labor demands and mortality rates among piglets.

Sigma0

Pre Seed Round in 2020
Sigma0 enables seed and crop management companies to access agronomic insights derived from radar technology, enabling them to zero in on crop detail and provide better decisions to farmers. Our solution is more affordable than existing radar technology, simple to use and allows for insights to be derived at any time of day. Sigma0 builds upon years of expertise in radar technology to deliver the first-of-a-kind radar technology data platform for Ag use.

Rantizo

Convertible Note in 2019
Rantizo, Inc. is a company based in Iowa City, Iowa, that specializes in the development and sale of agricultural drones and related equipment. Founded in 2018, Rantizo offers a range of products, including trailers, drone sprayers, spreaders, battery chargers, and batteries. The company provides spraying services for crops using an innovative electrostatic spraying technology that ensures uniform coverage, allowing farmers to apply pesticides and chemicals efficiently and effectively. Rantizo's system is designed to integrate with various drone manufacturers and agronomy systems, addressing key challenges in large-scale agriculture. By delivering targeted liquid and dry applications precisely when and where needed, Rantizo enables farmers to optimize their operations and improve productivity in the field.

Tractor Zoom

Seed Round in 2019
Tractor Zoom, Inc. is an online platform based in Urbandale, Iowa, that connects farm equipment auctioneers with buyers. Established in 2017, the company offers a mobile application allowing auctioneers to list and promote farm machinery auctions while enabling buyers to search and browse available equipment. Tractor Zoom serves as a search engine for heavy equipment auctions and provides a database for market trends, utilizing big data and technology to facilitate informed purchasing decisions. Its platform streamlines the auction advertising process, allowing users to access auction inventory nationwide and manage their equipment purchases conveniently from their mobile devices.

Rantizo

Convertible Note in 2018
Rantizo, Inc. is a company based in Iowa City, Iowa, that specializes in the development and sale of agricultural drones and related equipment. Founded in 2018, Rantizo offers a range of products, including trailers, drone sprayers, spreaders, battery chargers, and batteries. The company provides spraying services for crops using an innovative electrostatic spraying technology that ensures uniform coverage, allowing farmers to apply pesticides and chemicals efficiently and effectively. Rantizo's system is designed to integrate with various drone manufacturers and agronomy systems, addressing key challenges in large-scale agriculture. By delivering targeted liquid and dry applications precisely when and where needed, Rantizo enables farmers to optimize their operations and improve productivity in the field.

Tractor Zoom

Seed Round in 2018
Tractor Zoom, Inc. is an online platform based in Urbandale, Iowa, that connects farm equipment auctioneers with buyers. Established in 2017, the company offers a mobile application allowing auctioneers to list and promote farm machinery auctions while enabling buyers to search and browse available equipment. Tractor Zoom serves as a search engine for heavy equipment auctions and provides a database for market trends, utilizing big data and technology to facilitate informed purchasing decisions. Its platform streamlines the auction advertising process, allowing users to access auction inventory nationwide and manage their equipment purchases conveniently from their mobile devices.

AgriSync

Seed Round in 2018
AgriSync, Inc. is a cloud-based software company that specializes in mobile collaboration and customer support for the agricultural sector. Founded in 2014 and based in Waukee, Iowa, AgriSync provides a platform that facilitates communication between farmers and their local advisors. This platform allows users to address support issues, track inquiries, and engage in educational discussions, enhancing the overall efficiency of farming practices. By incorporating mobile and video chat capabilities, AgriSync enables farmers to connect with advisors in real-time, fostering collaboration and innovation in various agricultural fields, including crop production and animal agriculture. The company aims to improve the human aspect of agribusiness, ensuring that effective communication leads to increased productivity and better farming outcomes.

AgriSync

Seed Round in 2017
AgriSync, Inc. is a cloud-based software company that specializes in mobile collaboration and customer support for the agricultural sector. Founded in 2014 and based in Waukee, Iowa, AgriSync provides a platform that facilitates communication between farmers and their local advisors. This platform allows users to address support issues, track inquiries, and engage in educational discussions, enhancing the overall efficiency of farming practices. By incorporating mobile and video chat capabilities, AgriSync enables farmers to connect with advisors in real-time, fostering collaboration and innovation in various agricultural fields, including crop production and animal agriculture. The company aims to improve the human aspect of agribusiness, ensuring that effective communication leads to increased productivity and better farming outcomes.
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