Dwolla

Andreessen Horowitz is helping to put Silicon Prairie on the map of wanna-be tech hubs with its latest investment in the Des Moines, Iowa-based start-up, Dwolla.

The young internet payment network attracted $16.5m in a Series C round, led by Andreessen, with previous investors Village Ventures, Thrive Capital, and Union Square Ventures joining.

While setting up shop in the mid-western United States leaves the company far away from the investors and talent pools on the West and East Coasts, there are benefits to building a business in a less saturated market. Read more >>