CB Insights calls KCRise most active VC in Kansas; Fund credits work of small team, innovative portfolio startups
February 7, 2019 | Austin Barnes
Kansans don’t fear hard work, said Darcy Howe.
An investment in such a mindset has come with big returns for the KCRise Fund, newly proclaimed the most active venture capital fund in the Sunflower State, according to CB Insights.
Darcy Howe, KCRise Fund
“Perhaps overused but Margaret Mead’s quote, ‘Never doubt that a small group of thoughtful, committed citizens can change the world,’” Howe said in response to the distinction.
Deposited into Kansas City’s startup scene in 2016, the KCRise Fund was born when civic leaders came together in attempt to solve economic malaise in the metro, calling for more support behind the KC Rising initiative — a 20 year vision plan for Kansas City prosperity and economic growth, launched in 2014 — Howe explained.
“They asked business and civic folks to come problem solve together,” she said of what sets the KCRise Fund and Kansas City apart from other VC matching firms.
Notable KCRise portfolio companies in Kansas include: ShotTracker, SquareOffs, and Life Equals –– all companies that earned spots on Startland’s list of 12 Kansas City Startups to Watch in 2019, based largely on their likelihood of big news this year.
Click here to read more about Startups to Watch in 2019, which also included the fund’s portfolio firm Pepper IoT on the Missouri side of the state line.
“Promising entrepreneurs are coming to us every day with disruptive ideas in sectors like transportation, logistics, agriculture tech and IoT – verticals where KC already has a national reputation. We know KCRise can continue to be a conduit to capital nationwide and open doors for the next generation of KC startups,” added Ed Frindt, KCRise fund principal.
Click for a larger view of the CB Insights map
KCRise Fund additionally boasts such KCMO success stories as Backlot Cars — which posted an $8 million Series A funding round in late 2018 — and PayIt, named a GovTech 100 company three years running, the fund said.
“This is not only a testament to KCRise Fund, but to the many innovative companies being built by inspiring entrepreneurs in the KC region,” said Chad Feather, KCRise Fund analyst. “I am excited not only about the future of KCRise Fund, but the future of the entire KC entrepreneurial ecosystem.”
St. Louis-based Cultivation Capital was named the most active fund in Missouri, the report said.
2019 Startups to Watch
stats here
Related Posts on Startland News
Porter House KC earns $400K in renewed support for inclusive entrepreneurship, retail incubator
Support from the JPMorgan Chase Foundation is expected to help The Porter House KC make good on its founders’ promise to help emerging entrepreneurs in their community get their promising ventures off the ground, said Dan Smith. “Like many of the small business owners that we encounter, we started our organization based on a need…
Black Pantry expands to Troost, setting a cornerstone for new Black business hub
A second location for the Black Pantry is about more than adding a “cool little gift shop” to Troost, said Brian Roberts, detailing his plan for a broader mission: a whole block of Black-owned businesses and a hub for Black entrepreneurs and creatives. It begins with Roberts’ in-the-works standalone space at 3108 Troost Ave., he…
‘Why would you put that on a cake?’ The C Word Cakery frosts the boundaries of good taste
The C Word Cakery is a reflection of the baker behind the business, Savannah Brady shared. “It doesn’t take itself too seriously,” she explained. Brady — a southwest Missouri native who moved to Kansas City during the pandemic — specializes in, as she puts it, “good cake, bad words” — vintage-looking, classic, floral cakes that…
CRWND as a KC pitch contest winner, Keliah Smith expands her product line (and comfort zone)
Keliah Smith was nervous. She’d never been a fan of speaking in front of a crowd, but knew exposing her discomfort and weakness through the Alchemy Sandbox pitch competition was just part of the ongoing journey of an entrepreneur, she said. Avoiding that spotlight, Smith noted, already had kept her — and her business, CRWND…