Minneapolis angel investment firm expanding to KC, names McCoolidge managing partner
July 9, 2019 | Startland News Staff
A former leader of the Mid-America Angels fund could be the secret to establishing Minneapolis-based Sofia Fund as a new investment resource for women-led companies within Kansas City, said Cathy Connett.
“The Midwest continues to be a hub of startup activity,’ said Connett, Sofia Fund CEO. “Extending our footprint to Kansas City gives us access to an active investment community that attracts entrepreneurs from throughout the world, particularly female founders.”
Laura McCoolidge joined Sofia Fund as its Kansas City-based managing partner June 1, Connett said, after having served in a similar role for Mid-America Angels for more than a year, ending in March. McCoolidge is one of five managing partners for Sofia Fund.
Sofia Fund “invests in and grows exceptional women-led companies to maximize returns for investors by bringing its portfolio companies successfully to profitable exits,” according to the firm. Its investment team has invested more than $10 million in 50 companies.
Click here to learn more about the kinds of companies sought for Sofia Fund’s portfolio.
McCoolidge is a newly appointed Kauffman Fellow, as well as the former executive director of Nebraska Angels, a member of the Angel Capital Association (ACA), a mentor for Pipeline, and serves as a board director for NE Enterprises LLC, an organization created to evaluate early stage and international investment opportunities for the University of Nebraska Medical Center.
Featured Business
2019 Startups to Watch
stats here
Related Posts on Startland News
Coding at age 3? Operation Breakthrough connects STEM to program’s circuitry
Two small boys are standing on stools at a workbench, pretending to talk on outdated handset telephones. They might not yet know how the phones work, but they’re clearly familiar with how to take them apart. And they do. A few feet away, three children from low-income families are on iPads beginning a new lesson.…
Education network CAPS snags $145K from Kauffman Foundation
A homegrown education innovation network announced Wednesday it was awarded a $145,000 grant to expand its programming across the nation, courtesy of the Ewing Marion Kauffman Foundation. The Center for Advanced Professional Studies (CAPS) program began in the Blue Valley School District in 2009 and is now expanded to 33 programs encompassing 69 school districts…
Pioneering KCI airport vote should help land top talent, startup leaders say
Capping a six-year journey fraught with turbulence, delays and political drama, voters overwhelmingly ratified plans to build a new $1.3 billion airport terminal, which would replace the existing Kansas City International Airport (KCI). “Kansas City has never been about being just mediocre,” said Michael Wilson, founder of luxury watch brand Niall and a frequent traveler…
WillCo Tech’s sale allows founder guilt-free $200K investment in smart grid startup
Selling a majority stake in his IT consulting firm will allow Kevin Williams to focus on and expand his startup venture, the Kansas City tech entrepreneur said. Although the exact amount was undisclosed, the acquisition by Ohio-based Metisentry earlier this month provided a big enough payoff to fund Williams’ and his wife’s future retirement, as…