Midwest VC, area startup vet join Firebrand Ventures following $17.7M fund raise
April 25, 2018 | Bobby Burch
On the heels of smashing its fundraising goal, Firebrand Ventures has added a pair of new team members.
The Kansas City-based seed fund is welcoming Cincinnati venture capitalist Wendy Lea as an advisor and Kansas City startup vet Maranda Manning as fund associate, said managing director John Fein.
Lea brings a wealth of investment and business experience as well as a global network to Firebrand’s already impressive advisory board. She is now CEO of Cintrifuse, a public-private partnership organization that helps build the Cincinnati tech scene. Lea is also a board member of Techstars and several startups. In 2012 and 2013, Lea was recognized as a Women of Influence in Silicon Valley and San Francisco.
Lea joins a powerhouse advisory board at Firebrand. Techstars CEO David Cohen, Kansas City venture capitalist Keith Harrington, Brian McClendon, former Uber vice president of maps, and Next Coast Ventures co-founder Tom Ball each help Firebrand via its advisory board.
Manning previously worked with Fein while he served as managing director of the Techstars-led Sprint Accelerator where she led day-to-day operations of the program. Most recently Manning served as director of marketing for Kansas City-based tech startup SquareOffs.
”I’m very excited to be working with Maranda again and to welcome Wendy to our stellar advisory team,” Fein wrote in a company blog. “I look forward to the great things I know both will bring to the fund’s mission of investing in exceptional founders!”
Firebrand recently raised $17.7 million for tech ventures in the Midwest, exceeding its initial goal by about 250 percent.
The Firebrand Ventures fund will invest its $17.7 million in about 10 to 12 Midwest startups per year with an average check size of $200,000, Fein said. The fund’s portfolio currently includes 12 companies, including Super Dispatch, FitBark and Sickweather, which call the Kansas City metro home.
2018 Startups to Watch
stats here
Related Posts on Startland News
New K-State president joins KC startup’s board, bringing expertise on food science, academic collaboration
The president of Kansas State University has joined the board of directors of TechAccel, an Overland Park startup focused on scientific breakthroughs to produce healthier plants, animals and foods. Dr. Richard H. Linton, who assumed the leadership of K-State following the Feb. 11 retirement of former Richard Myers, comes with an array of experience expected…
$4M dream childcare center opened on Prospect as planned; why the 24/7 KD Academy is struggling to fill its beds
Penny Dale-McCant built a childcare model — and a $4 million expansion of her KD Academy brand with her husband, Myron McCant — unlike anything else in the region, she said. Today, however, the center serves only a third of its intended capacity: a product of pandemic trends that have limited staffing. “I’m just proud…
NetWork Kansas gets $3M Kauffman boost to build inclusive ecosystems across state
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. WICHITA…
LaunchKC grants competition gets boost toward relaunch with newly announced funding, MTC says
A popular grants competition that helped raise the profiles — and buoy the bank accounts — of dozens of Kansas City startups could be relaunching with renewed funding from the Missouri Technology Corporation, the agency announced Tuesday. LaunchKC was named one of seven organizations to together receive more than $1 million in grant funding to support…