Angel investors recommit to KC with new fund
September 8, 2015 | Ashley Jost
A new micro venture investment fund launched in Kansas City last week is targeting local, regional and national technology and science startups for funding.
The fund, run by Angel Capital Group, is targeting $1 million to $5 million in capital to invest.
This isn’t ACG’s first funding effort in Kansas City. The organization has a chapter dedicated entirely to the Kansas City region, and has a history of investing in seven different regional companies, including Innara Health, ABPathfinder, TVAX Biomedical and Venture360. ACG’s area chapter has operated since summer 2012.
The investor group tapped Shane Spencer, an area consultant and portfolio manager, to be the fund’s general manager.
“It is an exciting time for this chapter and Angel Capital Group as they recommit to Kansas City through the transition to a fund model which will allow us to better support the entrepreneurs, startups and investors in our region,” Spencer said in a news release.
The announcement comes on the heels of Angel Capital Group announcing a merger last year with RAIN Source Capital of Minneapolis, creating a national syndicate of angel groups and funds.
Featured Business
2015 Startups to Watch
stats here
Related Posts on Startland News
Funding roundtable (part II): Entrepreneurs compare KC investment scene to other cities
Welcome back to part two of our roundtable discussion on the early-stage investment sector in Kansas City. For a more formal introduction on this series and its five participants, please refer to part one on Kansas City’s investment culture and evolving economy. Check out the third and final installment of the series with the entrepreneurs’ advice for…
Events Preview: KC Next Winter Event
There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter or curious Kansas Citian, we’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW Handmade Holiday Sale When: December 10 @ 6:00 pm – 9:00 pm Where: Hammerspace The creative, talented maker members of HammerSpace Community…
Funding roundtable: Kansas City still has a lot to learn about venture capital
After growing demand for more coverage on Kansas City’s early-stage investment capital landscape, Startland News decided to start a conversation on the subject. In November, we hosted five Kansas City entrepreneurs for a frank discussion on their experience raising funds in and outside of Kansas City. The aim of the conversation was to create a…
University students score opportunities via Pipeline IOTY
Four college student founders are hoping to capitalize on facetime with high-profile businesspeople as part of an inaugural university competition at Pipeline’s Innovator of the Year event. Students from four regional universities will present their startups at the annual Kansas City-hosted IOTY event, which features a pitch competition among 10 Pipeline fellows, an evening gala…