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
Support without limits: Doctor duo flexes scrub design that’s a dream for women, mothers-to-be
A pair of Kansas City doctors diagnosed a chronic need in maternity and versatility care for women — turning to entrepreneurship to prescribe “bump to pump” comfort and flexibility through a new line of scrubs. “Being physicians, we want to continue to help people,” said Dr. Christine Khong, who co-founded Vervee Scrubs alongside Dr. Melanie…
Startup Weekend’s challenge: Build Missouri’s next billion-dollar idea (in three days)
COLUMBIA, Missouri — Budding entrepreneurs are gathering next month for a three-day business pitch event that could earn them $45,000 in prizes plus a $150,000 investment opportunity for the winning company with billion-dollar potential, organizers said. Missouri Startup Weekend returns April 11-13 at EquipmentShare’s newly opened Technology & Development Center in Columbia. It’s a unique…
Lawmaker asks SBA to relocate offices from KC to Columbia, citing sanctuary-like policies for immigrants
A Kansas City-area congressman wants the U.S. Small Business Administration to move its offices from downtown Kansas City to central Missouri, amid President Trump’s nationwide crackdown on undocumented immigrants and a broad restructuring of how the federal government works. U.S. Rep. Mark Alford, R-Missouri, on Tuesday sent a letter to SBA Administrator Kelly Loeffler, asking…
Midwest-focused M25 rolls out new venture partners across region, adding high-profile STL founder
CHICAGO — An influential venture capital firm with portfolio companies in Kansas City and across the region on Thursday announced a St. Louis serial entrepreneur as the latest venture partner joining its mission to back a new generation of Midwest unicorns. Guy Friedman, co-founder and CEO of SteadyMD, brings an invaluable founder’s perspective — plus a…