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
KC govtech startup: You shouldn’t have to know how local government works to get answers (or make impact)
Even a ripple can make waves, said Mitch Mabrey, an exited cleantech founder whose new cause finds him on a mission to ensure that the voices of residents from all walks of life are more broadly heard — and answered — by their government officials. Resonus, his Kansas City-based political information platform is designed to…
Northland BBQ spot opens, building flavors, menu from side hustle to storefront
After a decade-long journey building his BBQ business — from tailgates to a just-opened brick-and-mortar restaurant — Wardell Hooks Jr. would only change one thing along the way: He’d have quit his full-time job sooner. “My thing is the joy,” said Hooks, founder of Off the Hook BBQ, describing the feeling of accomplishment from his…
Match this: ‘Ted Lasso’ filming in KC another win for city’s tax credit pitch, mayor says
Scoring state-side shooting locations for the newest season of “Ted Lasso” reflects a strategy by the KC Film Office that’s straight from the hit Apple TV+ series’ playbook: the harder you work, the luckier you get. “‘Ted Lasso’ filming in Kansas City represents everything we’ve been working toward,” said Rachel Kephart, director of the KC…
Kauffman Foundation launches new executive role to lead its Real World Learning team
Cross-sector collaboration will be key for Misty Chandler as she embarks on a freshly carved out journey within the Ewing Marion Kauffman Foundation’s evolving Real World Learning strategy, said Dr. Susan Klusmeier, lauding the longtime advocate for her wealth of experience with workforce readiness and student success at the University of Kansas. “Her deep understanding…