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
Chiefs celebration turned much of downtown KC into a parking lot; Startups along the parade route got to work, joined the party
Prime locations along the Chiefs championship parade gave several local startups an opportunity to celebrate with their team members and families Wednesday as traffic and business largely came to a halt across midtown and downtown Kansas City. “It’s not every day Chiefs players are walking the streets out front and waving at our team in…
KC’s first Black-owned brewery could open within weeks; Here’s how its debut lager could land in your hand even sooner
Vine Street Brewing’s long-anticipated opening is nearly here, said Kemet Coleman, teasing a late March first pour for the taproom and brewhouse space, which sits adjacent to the city’s historic jazz district. “It’s crazy to see something that for so long has been just an idea in our minds starting to become real,” said Coleman,…
Fashion meets cannabis: This KS-engineered, on-the-go rolling station blocks odors, makes smoking prep safer
Missouri voters legalized it; now cannabis accessories can cleanup in a newly de-stigmatized market A Kansas City cannabis lifestyle brand hopes this month’s legalization of recreational marijuana sales in Missouri will spark new interest in its products designed for on-the-go cannabis users, said Mohamed Dia. Gopack Station markets itself as “fashion meets cannabis,” said Dia,…
Parade brings champion Chiefs home to the masses after Super Bowl win (Photos)
Confetti fell and hometown spirits rose Wednesday as the world champion Kansas City Chiefs returned from a stunning fight that earned them — and an estimated 1 million or more of their closest friends — the right to party. The Chiefs’ Super Bowl win over the Philadelphia Eagles — the team’s third overall — marked a…