Funding
Companies in the Midwest and South are making major plays for investment dollars, according to CB Insights, with Kansas City’s PayIt and C2FO earning spots on the latest map of the nation’s most well-funded tech startups. “The tech boom has diffused beyond the traditional hotbeds of California, New York, and Massachusetts, across the entire United…
Read More >
KC-fueled BacklotCars will further its mission to disrupt the wholesale automotive space, thanks to the close of a $25 million Series B funding round, the company announced Monday. Led by New York-based growth equity firm, Stripes, the round brings BacklotCars — which seeks to ease pain points for automotive wholesalers — to $38 million in…
Read More >
Applications for this year’s LaunchKC program are going vertical, said Drew Solomon, announcing plans for three industry-specific accelerators — two of which will launch new funding-rich demo days in the fall. “We’ve always wanted to grow and expand not only the competition, but the program as a whole,” said Solomon, chair of the LaunchKC program.…
Read More >
In 2018, 50 percent of the top venture capital-funded companies in Kansas City got their start with early-stage investment programs that emerged after 2012, according to We Create KC 2019, KCSourceLink’s sixth annual state of entrepreneurship report. “That high percentage shows us how important these early-stage investment programs are to our entrepreneurs and our ecosystem,”…
Read More >
The path from concept to commercialization has three reinvigorated travelers this spring, Jeff Shackelford said Thursday, announcing the latest early-stage entrepreneurs to join Digital Sandbox KC. The program’s newly joined startups include a tech-driven legal solution and two companies using artificial intelligence to innovate their industries, said Shackelford, executive director of Digital Sandbox KC. “As…
Read More >