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
Feds award KCK college $745K+ to boost 30 low-income STEM students working toward biology degrees
A National Science Foundation grant is expected to support the retention and graduation of high-achieving, low-income STEM students, said U.S. Rep. Sharice Davids, announcing the award. Kansas City Kansas Community College (KCKCC) is set to receive $745,635 to fund scholarships — over the next five years — for 30 full-time students who are pursuing a…
How this homegrown leader is steering a $2B Australian startup’s KC HQ (and 100+ workers) deeper into the Americas
Kylie Uvodich quickly wondered if she’d made a mistake after joining SafetyCulture in 2017, she said. “When I first came over [to SafetyCulture], I thought, ‘What the hell am I getting myself into? I’ll sit here and learn some things for a couple months, and then I’ll get on to my next thing,’” Uvodich recalled.…
CoMo Startup Weekend winner closes $750K seed round; EquipmentShare co-founder joins executive team
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. COLUMBIA,…
Make48 reality TV series plans maker competition at School for the Blind in KCK
Make48 might be entering its sixth season, but the Kansas City-based, maker-focused reality series is still evolving, said Tom Gray. For the first time, the Make48 competition is set to take place in the makerspace at the Kansas State School for the Blind in Kansas City, Kansas. The teams in this year’s last City Series…