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
Not a college student anymore: Entrepreneur’s origami-inspired bags fold functionality into professional fashion
Editor’s note: The following story was produced through a paid partnership with MOSourceLink, which boasts a mission to help entrepreneurs and small businesses across the state of Missouri grow and succeed by providing free, easy access to the help they need — when they need it. ST. LOUIS — Founded in 2018 by Lisa Hu,…
First came baby, then the boutique; 18 years later, this owner is the mother of retail survivors
Opening her storefront at the age of 23 with a newborn daughter, Meagan Doyle faced double duty as a first-time mother and budding entrepreneur. Eighteen years later, her baby is now grown — and Mom is coming into her own as a retail survivor and seasoned business owner. “It’s been a fun adventure,” said Doyle,…
Advocates want a startup-boosting Missouri angel investor tax credit (but they’ll have to beat legislature’s ticking clock)
With about a week left in Missouri’s legislative session, business advocates at NEXT Missouri are making a final push for lawmakers to pass a bill creating a state angel investor tax credit — legislation its backers say could catalyze early-stage business growth and keep entrepreneurial talent and essential startup capital rooted in the state. Jason…
Nick the Greek reset: Reinvigorated owner reopening locations, launching new spot after facing his own test
When Nick the Greek abruptly closed two area locations six months ago, fans on and off social media were distraught, fearing they were closed for good. Now there’s a surprising update: two reopenings, one new opening. All this month. Area franchisee Arthur Gilbreath previously placed “closed for renovation” signs at his Nick the Greek restaurants…