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
Peek inside: Engenious Design expands its hands-on R&D collaboration space in Prairie Village
A 56,000-square-foot design center for his business is about more than just space, said Chris Justice; it’s what’s inside the high-tech facility by design: people. “Our work of designing, prototyping and testing is hands-on with specialized tools and equipment. That means our team works together, in person,” said Justice, co-founder, principal and CEO of Engenious…
How a Missouri native’s high-tech, faith-based bracelet company found inner peace in California
The emotional rollercoaster of social media can take a toll on mental health, said Gary Rakes, a Raymore, Missouri, native who saw an opportunity to create a digital safe space — one that lives on a user’s wrist. His business, Free Luma, offers a line of RFID-enabled bracelets designed to connect others through positivity and…
Mayo Clinic research: Missouri startup’s VR tech can help calm patients’ pre-surgery jitters
A recent study from the renowned researchers at the Mayo Clinic suggests a dose of virtual reality can help reduce pre-op anxiety in older patients undergoing their first open-heart surgery — and their findings come after testing with technology from Columbia, Missouri-based Healium. “While much of the research to date using VR involved younger patient…
City Market eats: Master roaster hopes hungry Kansas Citians will flock to Murmuration
A new eatery and cocktail bar that now shares a space with the popular City Market Coffee Roasters is designed to reflect a vision of bringing people together, fostering connection, and embracing the diversity that makes the City Market so special, said master roaster Nikole Ammer. Plus, the people are hungry — from day to…