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
New in KC: West Coast transplant impressed by local startup, tech scene; says KC should embrace more flops
Editor’s note: New in KC is an ongoing profile series that highlights newly relocated members of the Kansas City startup community, their reasons for a change of scenery, and what they’ve found so far in KC. This series is sponsored by C2FO, a Leawood-based, global financial services company. Click here to read more New in KC profiles. Kansas City is a…
LendingStandard closes $6.7M round with Flyover Capital among key longterm investors
A Kansas City startup’s efforts to streamline the commercial real estate industry are not only reducing wasted time and frustration for lenders and borrowers, said Keith Molzer, it’s making good on investors’ expectations of the tech-driven Saas marketplace. “LendingStandard has listened and responded to what the market needs,” said Molzer, founding managing partner at Flyover…
The journey can make or break an entrepreneur; Pipeline gala returns June 15 to celebrate connectivity at the intersection
Editor’s note: Pipeline Entrepreneurs is a partner of Startland News, though this report was produced independently by the nonprofit newsroom. Pipeline Entrepreneurs’ new era is all about community, said Melissa Vincent, with more than a nod to the resilience needed to sustain a vibrant startup ecosystem. “When you go through the Pipeline program, it becomes…
Royals partner with KC-linked CBD brand to tout health benefits of hemp for athletes
As an entrepreneur who grew up in Kansas City, teaming up with the Kansas City Royals to promote high-quality CBD products is a dream come true, said Dan Huerter, CEO of Pure Spectrum CBD. “To be able to work with such an iconic organization and to be a part of promoting health and wellness in…