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
How this reality TV star is using his platform to help tech students start life-changing careers without heavy debt
Nehemiah Clark stands at the crossroads of reality TV and inclusive tech education. As a former cast member on MTV’s “The Real World: Austin” and a frequent competitor on the Paramount+ “The Challenge” series, Clark leverages his audience to further the mission of SnapIT Solutions, he shared. “On [‘The Challenge’], I’ve talked about what I…
How Charlie Hustle’s wholesale expansion, collegiate licensing is growing its brand beyond the KC Heart
Chase McAnulty is on a mission to build Charlie Hustle into a national brand, he shared, without losing the company’s roots in Kansas City. “We’ve really driven the narrative that not only celebrates culture, but civic pride. It’s a challenge to go to these other markets and give them their version of the KC Heart,…
Two UMKC-linked research teams earn Comeback KC Ventures funding for COVID innovations
Two research teams tied to the University of Missouri-Kansas City have received proof-of-concept funding support through Comeback KC Ventures and will take the next step toward bringing their innovations from the university lab to market to solve problems related to the COVID-19 pandemic, the funding program announced. Funds from Comeback KC Ventures focus on the…
She sends food to the dinner table, instead of the trash can; how one social venture is saving family mealtime with would-be waste
A Kansas City nonprofit’s innovative approach is reducing food waste, fighting food insecurity, and restoring family mealtime. Pete’s Garden, founded in 2019 by Tamara Weber, partners with caterers, restaurants, and food service organizations to save unserved, prepared food that would otherwise be thrown out. Weber and a team of volunteers portion and package that food…