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
For its KC intro, WeWork plans event series to connect
In efforts to pump up the Kansas City community prior to its launch, WeWork announced KC Connected, an event series at its new Corragain Station coworking space. The first event is May 10 and aims to get local entrepreneurs prepared for the coworking giant’s global grant competition, the Creator Awards. “Our goal is to help…
RideKC builds Uber-like app for Kansas Citians with disabilities
For Kansas City residents with disabilities, it’s difficult to rely on bus schedules to get from place to place — even with paratransit options. Starting May 1, Kansas City residents with disabilities will have access to an on-demand option. The Kansas City Area Transportation Authority recently developed the ride-hailing app RideKC Freedom On-Demand, which will start…
Mobility Designed raises nearly $900K from iiM, local investors
The seed round for Kansas City-based Mobility Designed is approaching seven figures following the support of a local investment firm. Overland Park-based Innovation in Motion (iiM) recently joined the medical device startup’s round, which is approaching $900,000 and comprised mostly of individual investors. Led by CEO Liliana Younger, Mobility Designed created the M+D Crutch, a…
KC Smart City wins ‘Oscar of Innovation,’ a gold Edison Award
Validating a bold technology plan by a variety of public and private organizations, Kansas City’s Smart City initiative recently won a prestigious Edison Award for innovation. The City of Kansas City, Mo., Sprint, Cisco, Think Big Partners and other organizations won a gold award in the category of connected collaboration from the Edison Awards in…