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
LOOK INSIDE: Blade & Timber raises the bar (and kitchen) with Power & Light axe throwing
When Blade & Timber officially opens this weekend at Power & Light, the two-year-old startup concept will set a new standard for the growing experiences industry, said Jessie Poole. “We want to show people ‘This is what you should expect from an axe-throwing experience,’” said Poole, communication director for Blade & Timber. “We’ve been upping…
$9.4M funding round steers Bungii toward ‘biggest sharing economy footprint in US’
A $9.4 million oversubscribed Series A round isn’t just an investor vote of confidence in Bungii, said Ben Jackson. It’s a funding fuel-up as the tech startup shifts expansion plans into high gear on the road to becoming the final link in the big and bulky supply chain. “By the end of 2021, we’ll still…
Fattyhead feeds demand for keto-friendly pizza crust; What’s the founder’s secret?
Fattyhead began as a labor of love: a path toward a more healthful diet that transformed into a booming business for Kansas City native Laura Manivong. “I started feeling better, I started having energy and my body stopped hurting as much,” said Manivong, creator of her own low-carb, ketogenic pizza crust. Manivong’s journey started 18…
Innovation versus inclusive prosperity: Can hub developers create both in Kansas City?
Place and prosperity go hand-in-hand, said William Dowdell. Less clear, however, is how developers and communities will strike a balance in their efforts to generate innovation and wealth in Kansas City. “Geography is a big part of this. When we talk about expanding opportunity and bringing innovation, we also have to look at those spaces…