Mid-America Angels race for record-setting investment year
April 30, 2015 | Bobby Burch
After investing nearly $1 million in the first quarter of 2015, regional investment network Mid-America Angels is on pace for its best year yet.
Mid-America Angels injected $870,000 of funding into two area companies during the first three months of 2015, which sets it on a pace to surpass $3 million in investments for the year. Mid-America Angels — whose investments include such companies as EyeVerify, Novita Therapeutics, RareWire and others — is managed by the Enterprise Center of Johnson County.
The investment group recently backed Olathe-based TVAX Animal Health with a $696,000 investment that will offer the company funds to kickstart clinical chemotherapy testing in dogs. TVAX Animal health is a subsidiary of Lenexa-based TVAX Biomedical.
Mid-America Angels also supplied $178,000 to Kansas City-based Rawxies, which makes raw, vegan snacks. The new funds will allow the company to build out its sales and marketing channels, as well as expand its product offerings.
“We’re proud to welcome two additional companies to our MAA portfolio, and look forward to working with the management teams of TVAX Animal Health and Rawxies to ensure both their continued growth and job growth in our region,” ECJC CEO George Hansen said in a release.
Featured Business
2015 Startups to Watch
stats here
Related Posts on Startland News
LISTEN: How this startup helps brands ditch plastic without disrupting manufacturing
On this episode of Startland News’ new Plug and Play Topeka founder podcast series, we sit down with Anthony Musumeci — CEO of Earthodic — to explore the future of sustainable packaging. Discover how Earthodic’s flagship product, Biobarc, delivers water-resistant, recyclable paper coatings made entirely from bio-based ingredients — closing the loop on waste without sacrificing…
KCSourceLink expands bilingual entrepreneur-focused support, adding two more Community Navigators
A network of “Community Navigators” is extending resources deeper into Kansas City’s entrepreneur community, KCSourceLink announced Friday, detailing the hiring of Citlali Valdez and Racquel Rodriguez to its months-old connectivity program. “We are thrilled to welcome these experienced team members,” said Becca Castro, senior director of regional ecosystem development at the UMKC Innovation Center, which…
Meet the Lumi Award winners: Digital Health KC salutes pioneers leading innovation trends
A lot of smart investors are betting on artificial intelligence, said Dick Flanigan, telling a crowd gathered Thursday at Digital Health Day that even if AI doesn’t turn every startup that uses it into a multi-million-dollar company, the technology still will fundamentally reshape health care. “It’s transformational,” said Flanigan, CEO of Digital Health KC and…