Invest Nebraska splashes out on Ink Labs
Posted on 18 April, 2017 by Chris Winters, reporter
The smart printer company has raised $6.65m in seed funding and will relocate its headquarters to Nebraska.
Invest Nebraska, a public-private partnership funded by the Nebraska Department of Economic Development, has taken part in a $6.65m seed round in smart printer company Ink Labs.
Student loan company Nelnet, venture capital firms IT Farm, VTF Capital, G-Bar Ventures and Base Ventures co-led the round
Invest Nebraska, which has a mandate to promote the state’s local economy, led the negotiations for the Nebraska investors syndicate which included Nelnet, investment firm Sipadan Capital, real estate investment company Speedway Properties and venture capital firm Nebraska Angel Network.
Founded in 2014, Ink Labs has developed the Ink Smart Station and InkCloud, a printing technology for higher education campuses that promises compatibility with the devices that students already own.
With the seed funding Ink Labs plans to expand its operations and launch more higher education partnerships by the end of the year. Additionally, the company will relocate its headquarters from Silicon Valley to Lincoln, Nebraska.
Dan Hoffman, chief executive of Invest Nebraska, said: “We are deeply committed to growing Nebraska’s economy by assisting entrepreneurs and cultivating unique startups with innovative ideas.
“We believe the Ink team has significant potential to contribute to the Silicon Prairie and effectively implement big ideas that have a positive impact for Nebraska students and residents.”
See more from this Government Report: Nebraska (NE), US
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