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
PorchFestKC set to transform these Midtown neighborhoods into a one-day, walk-up music festival
After a three-year hiatus, the original PorchFestKC — a music festival Kathryn Golden likens to stumbling on a neighborhood block party and being allowed to stay — is returning. And it’ll play out with a digital upgrade this year, said Golden. Launched in 2015, PorchFestKC — the city’s trend-setting, porch-packed community music celebration — will…
Black Drip plans OctoberFest showcase to give KC a taste of overlooked small businesses
Black Drip Coffee’s OctoberFest is an extension of Charon Thompson’s passion for helping his fellow entrepreneurs, he shared. The free event — now in its third year — aims to bring together coffee enthusiasts, music lovers, and foodies in a vibrant atmosphere that showcases local small business owners. Festivities are set for 2 p.m. to…
Startup ambassadors’ pitch to former Kansas Citians: Move your innovation, hustle Back2KC
Kansas City is having a moment, said Liam Reilly, and it’s an opportunity he and fellow Back2KC organizers couldn’t pass up — reviving the tech talent recruitment program amid Chiefs glory, downtown baseball district buzz, KC Streetcar expansion, riverfront revitalization, and a World Cup on the horizon. “We didn’t want to wait another year to…
Fueled by $15M, MTC releases plan for boosting entrepreneurs: Here’s how KC is already seeing impact
JEFFERSON CITY, Missouri — Increased funding for the Missouri Technology Corporation will keep core support programs healthy through 2024, as well as help expand successful pilot initiatives designed to widen economic opportunity in the Show Me State, MTC officials said Tuesday. Among the new efforts gaining extended life through the announcement of MTC’s FY 2024 strategy…