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
Smart strategy generates wins for Evergy Ventures — KC’s quiet investment powerhouse
Editor’s note: The following content is sponsored by Evergy Ventures but independently produced by Startland News. As two long-standing utility companies merge, they’re creating a new kind of energy for GXP Investments — now known as Evergy Ventures — said Dennis Odell, announcing a rebrand of the investment firm. “GXP Investments — GXP — it…
Predicting sick days: Sickweather showers HR with data on illness mapping, trends
It’s a partnership more than a year in the making, said Graham Dodge, announcing Sickweather’s deal to help a leading employee benefits company predict workers’ sick days. The Kansas City-based startup is piloting a program among the more than 10,000 employees at Unum Group to give managers more data and insights to plan for absenteeism.…
Vintage WiFi mashup: Designer converts old items into bluetooth speakers at Troost T-shirt shop
Rick Kloog’s T-shirt shop on Troost resonates with the sound of side hustles — combining the former music producer’s previously untapped talents for a Vintage WiFi effect. The “funky little vintage store” blends original Kansas City-designed shirts, and miscellaneous items — most of which Kloog converts into bluetooth speakers — as well as other original…
Firebrand Fein: KC needs more audacious startups, ‘crazy ideas’ to attract investors
Kansas City companies need to buck the Midwestern, risk-averse mindset and sell audacious plans to investors, said John Fein. “I would just love to see more crazy ideas, more big game type ideas,” said Fein, founder and managing partner at Firebrand Ventures. “We invest when [the startup] starts to generate revenue, so they have to…