Metactive announces nearly $3M combined in funding round, government grant

Fairway-based Metactive has raised a $1.2 million round to accelerate the development of its products for the treatment of neurovascular, peripheral vascular and structural heart diseases. The round included Kansas City-based Mid-America Angels, as well as Serra Ventures. Founded by CEO Nick Franano, Metactive has raised more than $10 million to date. In addition to…

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Olathe-based Metactive lands $1.5M, two medical patents

Olathe-based medical device company Metactive released a pair of positive announcements for the firm. In addition to being awarded two patents, the firm closed on a $1.5 million Series A funding round — bringing its total raised to over $9 million. The round was co-led by the Mid-America Angels and an unnamed investor. Previously, the firm…

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Olathe-based Flow Forward raises $1M for vascular device

After completing a preclinical study, Olathe-based Flow Forward Medical nabbed another round of capital for its vascular device. The firm raised another $1 million from a group of unnamed, individual investors, bringing the firm’s total raised to $7 million. Flow Forward created the AFE blood pump system, which is designed for temporary use to quickly…

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Bipartisan support sends Kansas’ angel tax credits to governor’s desk

After months of lobbying Kansas lawmakers, Kansas City area entrepreneurs are celebrating a legislative victory Monday that will extend a popular tax credit program for five more years. While now awaiting Gov. Sam Brownback’s signature, Kansas Senate Bill 149 will extend the life of the Angel Investor Tax Credits program through 2021. The $6 million…

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

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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