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
Former office space set to offer affordable downtown workforce housing as historic Midland renovation begins
New life is set to pour into the historic former Midland office building as The Cordish Companies transform the space into 135 studio and one-bedroom apartments. “The Midland Lofts renovation is a major step in the direction of making living downtown more broadly accessible to the downtown workforce, and we believe that the Midland Lofts…
Prepped for Phase 2: How a New Orleans-inspired caterer grew organically into a KC kitchen collective
Food is a way to bring communities together, share cultural traditions and teach individuals about the importance of a healthy, ethically-sourced meal, said Dr. Karen Patrice Boyd. “My passion is teaching. Yes, I produce great food. But at the end of the day, I can impact the community more in terms of their knowledge and…
Cafe Cà Phê returns to the West Bottoms with second location for KC’s popular Vietnamese coffee shop
A Cafe Cà Phê satellite location inside 12th Street Post in the West Bottoms is the perfect step for continuing the mission of Kansas City’s only Vietnamese coffee shop, shared founder Jackie Nguyen. Just shy of the one year anniversary of its Columbus Park space, Cafe Cà Phê celebrated the grand opening of its new…
She wanted to bring her favorite foodie magazine to KC; her mother’s sudden death put this publisher’s plans on the back burner
Lauren Cook’s passion for Edible Communities magazine drove her appetite to revive it in Kansas City, she shared, but an unexpected life change has her hoping to hand the publisher’s apron to someone else. Cook purchased the license to publish the city-specific food magazine — each independently run by publishers in metros across the country…