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
Free office space at nbkc bank awaits one Kansas City area small business
Editor’s note: The following is sponsored by nbkc bank, which has locations in Leawood and Overland Kark in Kansas, and Liberty and Kansas City in Missouri. Many small businesses struggle to find ample attractive office space at a low cost. Thanks to nbkc bank, one business will secure such space at the best rate possible…
KC gun violence ‘hurts all of us,’ shop owner along Chiefs parade route says
A shooting at the end of the Chiefs’ victory rally at Union Station brought a rolling celebration of citywide pride to an abrupt stop, said Kinley Strickland, taking fans and business owners from an all-time high to a low with which many are all-too familiar. “It’s just tragic that someone would take an opportunity where…
Chicken N Pickle serves a no-tech, backyard vibe; Here’s why it’s paying off with Texas, national expansion
North Kansas City-founded Chicken N Pickle now has 10 locations — with six more in the works — but the award-winning entertainment destination remains committed to fostering human connection through simple spaces where everyone can play, said Kelli Alldredge. And disconnect. “We don’t have computers on the property. You don’t order from an iPad,” said…
University launching effort for Native small biz, focused on ‘Indianpreneurship,’ resilience
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. LAWRENCE, Kansas — A Kansas university is looking forward to developing indigenous and minority entrepreneurs through a new program funded by the U.S. Small Business Administration. Haskell Indian Nations University…