Funding

ClaimKit snags $1.8M from local VC Flyover Capital

By Tommy Felts / January 27, 2016

Insurance tech startup ClaimKit is tapping an area venture capital fund to help launch its second software offering that quickly analyzes policies. The company raised $1.8 million to launch RiskGenius, which helps to identify and categorize insurance clauses in commercial policies. Leawood-based venture capital firm Flyover Capital led the round, which included participation from the…

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Is 2016 the last year for Kansas’ angel tax credits?

By Tommy Felts / January 26, 2016

A popular investor tax credit program in Kansas is likely to sunset after 2016 thanks in part to a budgetary crisis that’s forcing the Sunflower State to broadly tighten its financial belt. Launched in 2005, Kansas Angel Investor Tax Credit Program offers a 50 percent income tax credit to qualified angel investors that invest up…

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Addressing a market gap, $25M seed fund arrives in Kansas City

By Tommy Felts / January 21, 2016

Nearly a year after identifying an early-stage funding need in the area, a $25 million seed fund will open a Kansas City office that aims to boost local startups. With a Wednesday night intro at Polsinelli, the Royal Street Investment & Innovation Center will soon move into the Kansas City metro for its second fund. Founded…

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Mid-America Angels’ injects $2.8M into nine startups during 2015

By Tommy Felts / January 20, 2016

The Mid-America Angels, a Kansas City area-based angel investor network, closed 2015 on a high note with more than $2.8 million invested in nine ventures. The 2015 investment total is a near-20 percent increase in capital from 2014’s roughly $2.3 million invested. Rick Vaughn, the MAA’s managing director, said last year also was the most…

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Digital Sandbox KC funding three UMKC student-led startups

By Tommy Felts / January 19, 2016

Kansas City business incubator Digital Sandbox KC selected three student-led companies for proof-of-concept funding support Tuesday. The enterprises were selected from the University of Missouri-Kansas City’s E-Scholar program and will join three other E-Scholar companies selected in June as part of Digital Sandbox’s partnership with UMKC. Each student startup will receive $10,000 in project development…

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