Firebrand Ventures closes $40M seed fund for ‘authentic’ founders in emerging communities; adds Leo Morton as advisor

Leo Morton, DeBruce Companies

A year after two prominent venture capital firms announced their merger, the consolidated Firebrand Ventures II is officially closed — reaching its $40 million target and having already invested in startups from Detroit, Seattle and Toronto. “Several years ago we raised our first funds — Boulder-based Blue Note Ventures and Kansas City-based Firebrand Ventures I —…

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Grandview-based battery innovator — Evergy Ventures’ first investment — exiting to global power player

Jeff Kostos, Spear Power Systems

A Kansas City-area startup developing next-generation scalable lithium-ion battery storage systems for land, sea and air is being acquired by a global power management leader, the companies announced Monday. Financial terms of the transaction — through which Grandview-based Spear Power Systems will add its power and talent to Sensata Technologies — were not disclosed. The…

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