Funding For The Bee Corp. Could Broaden Its Focus

Posted: Updated:
(Image of honey bees courtesy of The Bee Corp.) (Image of honey bees courtesy of The Bee Corp.)
BLOOMINGTON -

A high-tech company creating a name for itself in a traditionally low-tech space has received backing from some big names on the Indiana venture capital scene. Bloomington-based The Bee Corp., which develops software to help beekeepers monitor the inner workings for their hives, has secured a Series A round of funding led by Jane Martin, general partner at Village Ventures, who was joined by Indianapolis-based High Alpha Ventures Managing Partner Scott Dorsey, Elevate Ventures and additional angel investors from inside and outside Indiana. The support, which is not being publicly disclosed, will allow the small startup to hire its first three employees.

Chief Executive Officer Ellie Symes says the technology aims to stem colony loss, but has an opportunity to do more. "We're actually able to show them the value of having a sensor in their hives. Beekeepers can't be in their hives all the time -- it's really bad for the bees -- but a sensor can. A sensor can be there when they're not there," Symes told Inside INdiana Business. "There's many applications of technology that can help beekeepers be more efficient. We're starting to see that in agtech on how many solutions are out there, so I think that will happen, as well, and who knows? You know, maybe loss becomes our niche and we figure out how to help other industries struggling with loss. So, (there are) a lot of ways this can go, and we're definitely big dreamers here at The Bee Corp."


The Bee Corp. was featured in March in our Life Sciences Indiana e-newsletter. Read the story from Special Projects Reporter Kylie Veleta.


The startup, which took off last year after receiving a $100,000 boost through the Indiana University BEST competition, is comprised Symes, Chief Operating Officer Simon Kuntz and Chief Marketing Officer Wyatt Wells. Symes says the new investment round will allow development to continue on its Queen's Guard product, which monitors the well-being of the queen in the hive, and explore additional potential in-hive insights such as pest or disease detection. The new hires, Wells says, will be brought on over the next year and will focus on bolstering The Bee Corp.'s data science and analytics capabilities.

Chief Executive Officer Ellie Symes says the technology aims to stem colony loss, but has an opportunity to do more.
  • Perspectives

    • A Pro Photographer Can Be Your Best Friend

      It's no surprise that an estimated 8.8 trillion photos were taken worldwide during 2018, given that most of us carry high-quality cameras in our phones. But shooting all those photos doesn't make us photographers. Digital technology has become a powerful equalizer in so many ways. Everyday people have access to tools that are far more sophisticated than what professionals had at their disposal a couple decades ago. High-school-age musicians can craft 24-track studio recordings in the...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Local Real Estate Team Appoints CEO

      Evelo Team, with Keller Williams Realty, has promoted Hannah Perkey to chief executive officer. She started with the team in 2015 and most recently served as director of operations. As CEO, Perkey will continue in the role that she has expanded into which includes oversight of all daily activities, leading the sales team, and providing strategic direction to the team.

    • Chamber Unveils 'Best Places to Work'

      The Indiana Chamber of Commerce has released its list of the Best Places to Work in Indiana. This year's list features 125 companies throughout the state, including more than 40 that were not on the list last year. The chamber will unveil company rankings April 30 at an awards dinner at the Indiana Convention Center in downtown Indianapolis. Winners are sorted into four categories based on size. Out-of-state parent companies must have at least 15 full-time employees in Indiana to...

    • Amendment Makes Major Change to Hate Crimes Bill

      A bill that would allow for longer sentences for hate crimes is moving forward with a significant change. Our partners at WIBC report the Senate passed an amendment Tuesday that removed the list of individual groups that would be covered under the law. Originally, Senate Bill 12 said a sentence could be lengthened if someone convicted of a crime was found to have deliberately targeted someone based on factors including race, religion, and sexual orientation, among others.

    • Lev Bringing Headquarters to Indy

      Marketing technology consulting firm Lev has announced plans to relocate its headquarters to Indianapolis. The company, which is currently based in Arizona, says it plans to hire 70 employees this year, part of a previously-announced effort to create up to 175 jobs by 2021. Lev has had a presence in Indianapolis for nearly three years and Chief Executive Officer Michael Burton says, since that time, the company has outgrown every space it has occupied in Indy. In an interview with...

    • Mixed-Use Project Proposed For Speedway Main Street

      A Fishers-based commercial real estate development firm is proposing an $8 million mixed-use development in Speedway. Rebar Development says the project would redevelop a section of Main Street that would include residential, office and retail space.