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
Esports startup with KC co-founder announces $3M in seed funding, targets Web3 gaming
An early funding round is expected to help a new professional esports organization expand the creator economy alongside its own footprint, said Nate Schanker, announcing a $3 million seed round for Boston-based M80, a startup coded with Kansas City talent. “We are building something special that the esports industry has never seen before and we…
His KC shirts earned a walk-on ‘Ted Lasso’ role; now this OP teacher’s side hustle is off the sidelines
The series finale of “Ted Lasso” this week doesn’t mean end credits for a Kansas City teacher whose T-shirt side hustle scored big throughout the show’s run — thanks to a notable assist from his childhood friend Jason Sudeikis who began wearing his designs in early episodes. Brendan Curran, founder of the apparel company Three…
Meet the cohort: Founder scaling Startup Weekend’s winning idea through Columbia venture fund, studio
COLUMBIA, Missouri — Winning Missouri Startup Weekend this spring put Chrystal Graves one step closer to revolutionizing the beauty industry, she shared, noting the victory helped secure her spot in the Scale venture fund and studio. “I have been passionate about helping salons be profitable and inclusive for a long time, but I thought building…
Startup Crawl is back June 9: Get your passport to KC bands, businesses, beverages
More than 50 startups and a quartet of local bands and performers will headline the June 9 return of Startup Crawl — and it’s a pretty sweet symphony, teased event organizers. “It’s been almost four years since we’ve been able to host our community in this way,” said Austin Barnes, executive editor of Startland News and…