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
THC-infused lemonade squeezes into market as ballot push unbottles potential for 2M Missouri cannabis customers
Blending the classic and comforting flavor of lemonade with the benefits of marijuana is like mixing oil and water, said Michael Wilson. But Franklin’s Stash House persisted, spending the time and money to perfect the process behind its THC-infused lemonade, he said. “Our water soluble formula has been our biggest investment — and really the…
‘This is our era’: How one local streetwear brand got the ball rolling for an exclusive KC Comets collab
Soccer fans can kick off their weekend with a one-day-only sale of a limited-edition apparel collaboration between Kansas City’s premier indoor soccer team and its top streetwear brand, said Vu Radley. “We found this really cool, creative space with the KC Comets where we could pay homage to their vintage jerseys and mix it with…
Not all shops will be riding high if Missouri legalizes recreational cannabis, but even imperfect expansion ‘far worth the effort,’ advocates say
Legalizing recreational marijuana would have potent outcomes across the state if Missouri voters approve a constitutional amendment Nov. 8, but some cannabis advocates and small business owners say not all strains of success will be equal. On one hand, Missouri’s Amendment 3 would expunge the criminal records of people with past non-violent marijuana charges and…
Tesseract deepens military ties with deal to develop smart space hub for US Air Force
Tesseract Ventures’ research and development partnership with the U.S. Air Force is reaching new altitudes with a just-announced contract to develop 21st century smart space technologies for MacDill Air Force Base in Tampa, Florida. “The Air Force has always been a center of innovation and a launch pad for world-changing new technologies,” said John Boucard,…