A Cedar Rapids-based fund management group has announced the formation of a $3 million seed-stage investment fund focusing on the creation and growth of Iowa-based businesses.
Iowa Seed Fund II LLC was launched by AccelerateIT LLC, a fund management group that with EDC Inc., a Cedar Rapids-based business accelerator. It is a Qualified Community Seed Fund under Iowa law, allowing investors to receive a 20 percent state tax credit on their investment.
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