Arkansas Development Finance Authority
1 Commerce Way Suite 602, Little Rock, AR, 72202, United States
Overview
"ADFA is a public body politic and corporate, created in 1985 as successor to the Arkansas Housing Development Agency created in 1977. ADFA’s enabling legislation authorizes it to borrow money and issue bonds to provide sufficient funding for financing affordable housing, various business and economic development projects, and capital improvements for state agencies. "
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Pacific GeneTech
Participated · Equity · Aug 2022
Pacific GeneTech (PGT) develops and commercializes next-generation vaccines and biologics for unmet needs in food safety and animal health. Its core products include the Aegis vaccine platform, which combines cross-protective antigens and immunopotentiators, and the Hercules mannosylated chitosan adjuvant/delivery system. PGT has out-licensed its leading poultry vaccines and its adjuvant for third-party use, and has advanced proof-of-concept studies for swine vaccines against Salmonella and E. coli. Other candidates in development target Toxoplasma and Neospora in ruminants and additional poultry pathogens. The company plans to expand US operations in Northwest Arkansas with an adjuvant manufacturing facility, a vaccine development laboratory, and a management office to serve as its US headquarters. The recent financing will support development and commercialization of its platform and further development of the Hercules adjuvant.
- EasyBins
Led · Equity · Apr 2022
EasyBins operates an online marketplace that gives consumers access to in-stock groceries at multiple local stores, consolidates orders at nearby micro-fulfillment centers, and delivers them in temperature-controlled bins. The company is based in Springdale, Ark. The article reports a $400,000 matching investment from the Arkansas Venture Capital Development Fund (AVCDF) of the Arkansas Venture Capital Investment Trust (AVCIT). The Arkansas Development Finance Authority (ADFA) administers the fund and the trust. This AVCDF investment follows EasyBins' now-oversubscribed $2 million late-stage seed round. The coverage does not disclose valuation, equity stakes, revenue, user metrics, or detailed future plans. EasyBins operates an online marketplace that lets shoppers access groceries in-stock at local stores and have them delivered together by a single driver in a temperature-controlled bin. The company uses existing infrastructure and technology to accelerate adoption of online grocery shopping and delivery in suburban markets. Led by founder and CEO James Farmer, EasyBins coordinates deliveries so one driver can deliver consolidated orders from local stores. Its service targets suburban grocery logistics where consolidated, temperature-controlled delivery can improve efficiency. The company intends to use new funding to expand its geographic footprint and to invest in technology and staff. EasyBins is based in Springdale, Ark.
Team
No current team members are available.