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 technology preserves speed, convenience KC air travelers have come to expect (in unexpected ways)
Editor’s note: This story was originally published by Kansas City PBS/Flatland, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, The Kansas City Beacon, and Missouri Business Alert. Click here to read the original story. You land at Kansas City International Airport a half hour early. Until now that…
Mizzou students started making real angel investments from campus a decade ago; now they need more capital
COLUMBIA, Missouri — The college-aged leaders of Mizzou’s AACE Venture Fund are learning as they go: not just how to invest in real startups across the region, but how to make the university’s long-running student investment program sustainable. “We’re having real-world experiences — such as getting on the phone with founders, doing due diligence and…
A new credit union on Prospect aims to be the pebble that causes a ripple effect east of Troost
‘Moving individuals out of that payday loan cycle into a banking cycle’ The recent opening of a new credit union with a mission to serve residents of Kansas City’s east side marks a key milestone along “a long road” to build generational wealth for those historically disadvantaged. Since 2007, Dee Evans has been part of…
Facility Ally raises $700K to take its sports venue, ‘eatertainment’ SAAS platform national
Facility Ally, a sports facility and “eatertainment” management software company, has closed a $700,000 pre-seed funding round led by Slabotsky Family Office. The funds are expected to be used to build out Facility Ally’s development, sales and marketing teams. For sports facilities and leagues, Facility Ally provides a central hub for reservations, memberships, payment, waivers…