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
Regional Roundup: VC valuations, bootstrapping
Welcome to our new series called Regional Roundup. Every couple weeks we’ll pull together compelling articles, podcasts, videos and more related to startups and innovation in the region. Let us know what you think, and send us any ideas or content that you’d like to share. Sit back and read (or listen or watch) some…
Events Preview: TEDxUMKC
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 KC Roundtable Annual Holiday Party When: December 3 @ 5:30 pm – 8:00 pm Where: The Well Come celebrate the end of…
Arredondo: ‘Kansas City nice’ is stifling innovation
Let me start off by saying, I love Kansas City. I love the humility. I love the blue-collar work ethic. I love the hospitality. I love the cost of living. In fact, I couldn’t be more proud to be a Kansas Citian. (I haven’t gone a day since the World Series without wearing at least…
FitBark: Missouri pooches are the most active dogs
Kansas City-based tech firm FitBark recently released an in-depth, interactive map plotting the vast array of data it collects on dogs around the world. The company, which relocated to Kansas City after completing the Sprint Mobile Health Accelerator program in 2014, opened its database to the public, sharing a trove of insights into canine health…