Mid-America Angels race for record-setting investment year
April 30, 2015 | Bobby Burch
After investing nearly $1 million in the first quarter of 2015, regional investment network Mid-America Angels is on pace for its best year yet.
Mid-America Angels injected $870,000 of funding into two area companies during the first three months of 2015, which sets it on a pace to surpass $3 million in investments for the year. Mid-America Angels — whose investments include such companies as EyeVerify, Novita Therapeutics, RareWire and others — is managed by the Enterprise Center of Johnson County.
The investment group recently backed Olathe-based TVAX Animal Health with a $696,000 investment that will offer the company funds to kickstart clinical chemotherapy testing in dogs. TVAX Animal health is a subsidiary of Lenexa-based TVAX Biomedical.
Mid-America Angels also supplied $178,000 to Kansas City-based Rawxies, which makes raw, vegan snacks. The new funds will allow the company to build out its sales and marketing channels, as well as expand its product offerings.
“We’re proud to welcome two additional companies to our MAA portfolio, and look forward to working with the management teams of TVAX Animal Health and Rawxies to ensure both their continued growth and job growth in our region,” ECJC CEO George Hansen said in a release.
Featured Business
2015 Startups to Watch
stats here
Related Posts on Startland News
Events Preview: Tech CEO Speaker Series, Livestreaming strategy
There are a plethora of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter, or curious community member — we recommend these upcoming events for you. Are you hosting a relevant community event? Feel free to add it to the FWD/KC calendar for increased exposure. Once your event…
Firebrand Ventures makes 4 investments in Midwest startups
Kansas City-based Firebrand Ventures is kicking off the summer with a series of startup investments. Led by managing director John Fein, Firebrand has signed a quartet of new deals supporting two pairs of tech startups in both Boulder and Austin. “We’re just incredibly excited to invest in these companies,” Fein said. “We think they’re the…
Kauffman Foundation dishes $840K to 8 area accelerators
The Ewing Marion Kauffman Foundation is hitting the gas on its support of area accelerator programs. As part of the 2016 KC Accelerator Challenge, the Kauffman Foundation announced Tuesday that it’s awarded a total of $840,000 in grants to eight local venture accelerator programs. “Our goal is to increase entrepreneurial success in Kansas City through…
Efficiency, innovative home construction are cornerstones for Prairie Design Build
David Schleicher was just looking for something to get back on track. In 2012, the president of Prairie Design Build, a house building company located in Kansas City, had watched his then six-year-old business begin to suffer because of the recent recession. Schleicher was desperately seeking a way to keep his head above water, not…