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
Made in KC’s trolley cafe gets a new driver: Iconic Kansas City brand set to reopen space in August
The Made In KC Trolley in River Market — a full service cafe within a vintage, refurbished Kansas City streetcar — is winding down its run this weekend; next aboard the repurposed artifact of local history: Donutology. After being approached by Made In KC about the opportunity, Donutology will take over the trolley cafe July…
GEWKC organizers announce return to Midtown; 2023 base camp set for Westport at Park 39
The metro’s largest educational entrepreneurship event is expected to return to a familiar, but proven setting this fall. Organizers of Global Entrepreneurship Week – Kansas City announced today that main sessions for the 2023 event series will return to Plexpod. GEWKC rotates its location for each year’s massive block of programming with Plexpod Westport at…
KC retailers: Swifties with cash outscored NFL Draft on economic impact for small businesses
Taylor Swift’s Eras Tour weekend felt like the perfect night to dress up like hipsters and support Kansas City retailers, local small businesses reported. “We saw crowds of Swifties stop by after brunch, even after breakfast time and shop,” said Rick Nunez, store manager at Westside Storey, a local boutique carrying casual streetwear, accessories, home…
It started as a T-shirt company (now it’s a popular cheesecake destination); meet the nonprofit that helped this Kansas biz pivot
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. This series is possible thanks to Entrepreneurial Growth Ventures (EGV), a business unit of NetWork Kansas supporting innovative, high-growth entrepreneurs in the State of Kansas. WICHITA — Side hustles don’t…