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
‘This is the end of The Sundry’ — Sustainable food problem remains after startup’s closing, founder says
The Sundry market-and-restaurant concept at Plexpod Westport Commons simply wasn’t solving the problems of scope and scale within sustainable and local agriculture as intended, said Ryan Wing. Ultimately, that meant the venture itself couldn’t continue as originally envisioned, added Wing, founder of the sustainable food startup, which abruptly closed to the public last week. “Expectations…
First couple of KC Dapper Rap launching first-of-its-kind coworking space for city’s urban core
A new self-style space in Midtown is expected to offer hair, beauty and wellness entrepreneurs an opportunity to cowork under one roof without the burden of securing financing or paying for utilities, said Lauren Euston. “If you are a busy stylist or busy wellness professional and you are working hard to reach the next level…
The Prospect: ‘Cutthroat Kitchen’ winner on the move with chef-inspired workforce training
Everyday consumers can elevate Kansas City through the simple of act of eating a meal, said Chef Shanita McAfee-Bryant. Her in-the-works non-profit urban eatery concept — The Prospect — caters to a marketplace hungry for culinary-oriented workforce development training: students looking for a window into entrepreneurship through cooking, said Bryant, 2014 winner of Food Network’s…
BacklotCars parks another $25 million in Series B round led by NY-based investor
KC-fueled BacklotCars will further its mission to disrupt the wholesale automotive space, thanks to the close of a $25 million Series B funding round, the company announced Monday. Led by New York-based growth equity firm, Stripes, the round brings BacklotCars — which seeks to ease pain points for automotive wholesalers — to $38 million in…