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
Lula raises $420K, fueling expansion of home service offerings
A $420,000 funding round from Kansas City area investors will accelerate tech startup Lula to expand in Kansas City and soon two more large metros, CEO and founder Bo Lais said. The Overland Park-based firm is eyeing Phoenix and Dallas as its next service areas, but it first plans to focus on marketing its on-demand…
Level Office puts coworking space on tap in former law building (Photos)
Windows from the community coworking space in Level Office’s seven-floor Kessler Building offer an up-close view of the Jackson County Courthouse, Sprint Center and downtown Kansas City. That proximity to the 16th Circuit Court, the court of appeals and the Jackson County Detention Center makes Chicago-based Level Office a magnet for men and women in…
Former Netchemia CEO, KC venture capitalist launch new fund for Midwest software firms
Keith Harrington isn’t looking for hockey-stick growth companies. With the new fund he’s co-leading — Novel Growth Partners — Harrington wants to invest in small, steadily-growing tech companies in the Midwest. But instead of a traditional venture capital model, Novel is employing a revenue-based finance model that should appeal to more entrepreneurs, Harrington said. “We believe that…
1 Million Cups celebrating black startups with all black founders, experts in February
A lineup of all black presenters and experts at February’s 1 Million Cups events aims for exposure and awareness about Kansas City’s thriving community of black entrepreneurs, said Adrienne Haynes. “Many of these companies are not necessarily tech-based. They might not be at Plexpod or WeWork. Many of them have their own facilities — maybe…