Funding Stories
Mid-America Angels makes 5 new investments, setting record pace
The Mid-America Angels Investment Network is maintaining its fast dealmaking pace in 2017. Based in Fairway Kan., the network recently closed on more than $1 million of investments, putting it on pace to once again exceed its annual investment totals. The new deals bring the value of the group’s total investments in 2017 to over…
New Lean Lab approach hopes to better position ed tech startups
With applications now open for the incubator’s fourth cohort, the Lean Lab hopes a pivot in its approach will foster more savvy education startups. Offering office space, mentorship, direct access to area school systems and up to $35,000 in support, the Lean Lab will soon select five promising education tech startups from around the world…
Mobility Designed raises nearly $900K from iiM, local investors
The seed round for Kansas City-based Mobility Designed is approaching seven figures following the support of a local investment firm. Overland Park-based Innovation in Motion (iiM) recently joined the medical device startup’s round, which is approaching $900,000 and comprised mostly of individual investors. Led by CEO Liliana Younger, Mobility Designed created the M+D Crutch, a…
After St. Joseph tech firm acquisition, Online Tech expands to KC
Ann Arbor-based Online Tech has acquired a St. Joseph, Mo. cloud firm, paving the way for its expansion into Kansas City. The cloud security company announced Thursday that it purchased St. Joseph-based Echo Cloud, which provides colocation and cloud hosting services. Echo Cloud CEO Bill Severn said he’s pleased to be joining the Online Tech…
Survey: Most regional investors want a better due diligence process
For investors, investigating deals isn’t always an easy process. From examining an industry’s opportunity to loads of legal analysis, the amount of work in the due diligence process is often enough to deter financiers from investing in a firm. That’s why in a recent survey, a majority of regional investors said they’d love a better…
