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
Gary Fish invests $4M in Virginia security firm Haystax Technology
Kansas City-based technology accelerator Fishtech Labs announced its second investment Thursday. Just four months after the firm invested $3 million in Overland Park’s Foresite, Fishtech injected $4 million in security analytics provider Haystax Technology. “Once I became aware of their technology platform, there was never a second thought as to whether or not I should…
With scholarships available, urban business effort grows Kansas City
An effort to increase entrepreneurship in the urban core of Kansas City is increasing its area economic impact as well as its scholarship opportunities. Launched in 2013, the Urban Business Growth Initiative offers a variety of programs that help applicants access resources, classes and counseling to create jobs and support urban business growth. The UBGI…
Sprint parent company to invest $50B in U.S. startups
The billionaire behind Sprint’s parent company plans to unload some serious investment capital in American startups. After a meeting with President-elect Donald Trump, SoftBank CEO Masayoshi Son announced that he plans to invest $50 billion in U.S. startups that will create tens of thousands of jobs in the next four years, according to the Associated…
Led by a ‘give first’ ethos, Techstars becomes a B-Corp
When your company mantra is “give first,” it’s bound have a philanthropic focus. And that ideology seems to have driven Techstars’ recent move to become a certified “B Corporation,” entailing the investment and accelerator group adhere to strict standards of social and environmental performance, accountability and transparency. A “B Corp” — or benefit corporation —…