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
Events Preview: Midwest.io
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 Midwest.io When: November 9-10 Where: Downtown Marriott Midwest.io is a two-day conference in the heart of the US, bringing together developers for…
Cobb: Royals’ win adds to KC’s entrepreneurial swagger
Entrepreneurs are competitive by nature. They love passionate, tenacious competitors that go for it all. That is why they resonate so closely with athletes. [pullquote]“It’s just one more example of Kansas City staking its claim as an exciting place where you can drive toward your dreams. We are on the map in so many ways.”…
(S)heStarts: Do tech startups need a techie founder?
Welcome to our new series exploring news and views on men, women, start-ups and the entrepreneurial experience. Do tech startups need a techie founder? Yes. No. Maybe? Three Kansas City startup founders provided three perspectives on the technical expertise question. While their backgrounds and development paths differ, they all agree that end users…
Video: A Royal celebration
Did you hear? The Kansas City Royals are world champions! Here’s a quick video from the massive celebration in downtown Kansas City. Enjoy!