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
No Coast winners: Two rapidly growing KC tech startups championed
Tech leadership and innovation know No Coast, said Ryan Weber Friday night as the KC Tech Council revealed its inaugural award show honorees. Beneath the glittering chandeliers of the Abbott luxury event space — and surrounded by elaborate set pieces and balloon art — Weber and the KC Tech Council team announced winners in four No…
DEG execs reflect on $100M+ exit: Join an armada before success puts a target on your back
Riding into battle solo won’t help a company win the war that is business, Neal Sharma told a crowd of ACG Kansas City members gathered to hear details behind the exit of homegrown marketing giant DEG. “One of the things we realized three years ago — about DEG — is it was a completely successful, self…
KC Outpost at SXSW: LaunchKC sparking interest in Kansas City-fueled Next-Gen tech talk
LaunchKC has landed in Austin for SXSW and is planting a flag in the ground for Kansas City this weekend, said Drew Solomon. Set for Sunday at the popular bar Maggie Mae’s in Austin, KC Outpost returns with presentations featuring expert speakers from Virgin Hyperloop One, Garmin, FishTech Group, Mastercard and other high-profile organizations, said…
Thirsty Coconut buys country’s worth of smoothie machines, hops state line
When opportunity knocks, entrepreneurs must throw risk out the window and do whatever it takes to open the door, said Luke Einsel. “[This was] really the deal of a lifetime,” said Einsel, founder and CEO of Thirsty Coconut, detailing a business deal he struck with 7-Eleven stores across Mexico late last year. The transaction saw…