# AccelerateIT

AccelerateIT is a Private Equity based in Cedar Rapids, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Cedar Rapids, United States
- **Region:** North America
- **Address:** Cedar Rapids, IA, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** accelerateitventures.com
- **LinkedIn:** linkedin.com/company/accelerateit

## Regulatory record

- **CRD number:** 169778
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/169778

## About

Accelerate IT AB offers agile coaching, training, mentoring, and facilitation. Work centers on product development and service-providing organizations where IT systems matter, helping them improve ways of working, organizing, and leading. Services include lean and agile training, coaching for individuals and teams, and organizational assessments.

## Sectors

- Enterprise Software
- AI/ML
- AgriTech & FoodTech
- Insurance
- Industrial Tech

## People

- Eric Engelmann — General Partner

## Questions

### Who makes investment decisions at AccelerateIT?

Eric Engelmann serves as General Partner and leads all investment decisions. He founded the firm in 2012 after building and exiting Geonetric, a healthcare digital marketing platform. Engelmann maintains a flat decision-making structure common among emerging venture managers, without a large investment committee.

### Does AccelerateIT invest outside the Midwest?

AccelerateIT maintains a geographic concentration mandate focused on the Midwest, with active investments in Iowa, Nebraska, Kansas, Missouri, and Minnesota. The firm's thesis is built on sourcing companies in regions underserved by coastal venture capital, and it has not publicly signaled expansion beyond this footprint.

### How does the Iowa Startup Accelerator relate to AccelerateIT?

Eric Engelmann operates both entities, with the Iowa Startup Accelerator functioning as a pre-seed mentorship and capital program. Companies that graduate from the accelerator often become candidates for AccelerateIT's Seed-stage investments, creating a structured pipeline 12–18 months ahead of formal rounds.

### What sectors does AccelerateIT focus on?

The firm targets enterprise software, agricultural technology, insurance technology, and industrial automation. Representative portfolio companies include Dwolla (payments), CropZilla (farm management software), and BirdDogHR (talent management, since acquired).

### Who co-invests alongside AccelerateIT?

AccelerateIT frequently syndicates with other regional investors, including Dundee Venture Capital and Nebraska Angels. The firm's network helps portfolio companies access national syndicates without requiring coastal relocation, a structuring priority Engelmann has emphasized publicly.

### How many companies has AccelerateIT backed?

The firm has participated in over 60 deals since its 2012 founding, maintaining an annual cadence of roughly 8–12 new investments. This pace aligns with a concentrated, high-engagement portfolio strategy typical of emerging seed-stage managers.

## Related profiles

- [Acadia Woods Partners](https://altss.com/profile/acadia-woods-partners)
- [Access Capital](https://altss.com/profile/access-capital)

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Last updated: 2026-08-11T15:05:57.154Z

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