Angel investors recommit to KC with new fund
September 8, 2015 | Ashley Jost
A new micro venture investment fund launched in Kansas City last week is targeting local, regional and national technology and science startups for funding.
The fund, run by Angel Capital Group, is targeting $1 million to $5 million in capital to invest.
This isn’t ACG’s first funding effort in Kansas City. The organization has a chapter dedicated entirely to the Kansas City region, and has a history of investing in seven different regional companies, including Innara Health, ABPathfinder, TVAX Biomedical and Venture360. ACG’s area chapter has operated since summer 2012.
The investor group tapped Shane Spencer, an area consultant and portfolio manager, to be the fund’s general manager.
“It is an exciting time for this chapter and Angel Capital Group as they recommit to Kansas City through the transition to a fund model which will allow us to better support the entrepreneurs, startups and investors in our region,” Spencer said in a news release.
The announcement comes on the heels of Angel Capital Group announcing a merger last year with RAIN Source Capital of Minneapolis, creating a national syndicate of angel groups and funds.
Featured Business
2015 Startups to Watch
stats here
Related Posts on Startland News
Build to barrel: Inside Holladay Distillery’s ironclad plan to boost bourbon production by one-third
WESTON, Missouri — Holladay Distillery is breaking ground with Rickhouse D — its first new barrel-aging warehouse in 75 years — marking a major step in expanding bourbon production from the historic plant. Renowned as the only Missouri operation to age bourbon in ironclad rickhouses, Weston-based Holladay Distillery is increasing capacity to meet surging demand,…
So you think you’re CEO material? UMKC’s ‘CEO Academy’ puts that ambition to the test
Aspiring executives with an eye on the C-suite need to be ready well before the opportunity arises, said Dan Hesse, leaning on his years of past experience as president and CEO of Sprint. It’s not about just being the boss, he emphasized. “Of all the roles, that of the CEO is so different than any…
Pitch locally or look to outsiders? How founder bias toward funding at all costs could leave your distracted startup without a why
Kansas City’s funding gaps often feel deeper for women entrepreneurs, two top founders said Tuesday, describing a startup ecosystem that pits emerging entrepreneurs against each other — but perhaps more critically, against time — in a highly competitive fight for a limited amount of local capital. “Kansas City is very startup friendly — at least…
KC-built Buzz acquired by Vegas tech company hoping to solve AI’s ‘last mile’ challenge in property management
A leading property tech company is placing its bet on the Kansas City-built rent collections platform that Buzz brings to the table, announcing the AI-driven startup’s acquisition Tuesday by Las Vegas-based Pay Ready. The potential for artificial intelligence’s use in an industry historically is limited by the way tech collides with humans, said serial entrepreneur…