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
This Kansas gardener sued to sell fruit and honey; Now her town will allow urban farming
Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. Ottawa city officials are trying to strike a balance between people who want to produce food and the interests of their…
Godfrey Riddle wants to build you a home; How Civic Saint’s eco-friendly bricks could reshape the foundation of affordable housing
Winning $55,000 in a recent national LGBT pitch competition provides Godfrey Riddle the building blocks for a hard pivot — shifting the focus of his lifestyle company Civic Saint from handmade retail goods to earthen bricks used to sustainably create artful, affordable homes. “Affordable housing is a problem I’ve been pondering since my family lost…
KC Cattle Company steaks its reputation on wagyu hot dogs; Why this rural MO business enlists veterans on its new mission
WESTON, Missouri — Patrick Montgomery struggled to find his way after his service in the U.S. Army, he said. Now on a new mission — his venture KC Cattle Company — Montgomery is helping other veterans at a similar crossroads. “The military does some things really well and they do some things really poorly,” he…
KC-area startup earns spot in first-ever AWS accelerator for emerging GovTech companies
A Lee’s Summit-based startup focused on developing tech for the criminal justice industry has been selected for Amazon Web Services’ (AWS) inaugural GovTech Accelerator cohort. eHawk — led by co-founders Bart Cooper and Ted Green, a former bail bondsman and trial attorney — is one of 13 companies tapped for the program. The Kansas City-built…