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
Closing KCK’s Black-owned coffee shop opens opportunity for Kinship to brew bigger, owner says
When TJ Roberts posted on social media about closing Kinship Cafe, a Black-owned coffee shop in Kansas City’s Strawberry Hill neighborhood, he was surprised by the outpouring of support — a morale boost that not only gives him the spirit to keep fighting for the business, but expand it, he said. “When we posted about…
Kansas brothers launch speedy trial for app that eases reentry for the wrongfully incarcerated
Podcast host-turned-innovator Dylan Carnahan is a man built for talking, he said, but there’s a time when words aren’t enough — when action is needed in the face of injustice. For Carnahan and his brother, that moment is now. “While media spreads awareness, software facilitates action,” said Carnahan, teasing the tech he’s developing alongside Alex…
Restaurant’s nostalgia is only part of it’s recipe: How Paul’s Drive In sizzled a community staple by ‘doing good first’
Editor’s note: The following story was written and first published by the Economic Development Corporation of Kansas City, Missouri (EDCKC). Click here to read the original story. In the heart of South Kansas City, Paul’s Drive In on Blue Ridge Blvd has been a cherished staple since the 1960s. Through ups and downs — including…
Meet six coalitions earning grants through Kauffman Foundation’s new ‘Collective Impact’ funding pathway
Systemic change happens when communities come together to drive transformation through collaboration, said Dr. DeAngela Burns-Wallace, announcing a half-dozen grants to high-capacity organizations with strategies to close economic mobility gaps in the Kansas City region. The “Collective Impact” planning grants of up to $500,000 are awarded to the winning coalitions are the first piece of…