Laura McCoolidge Classen
Purpose of Initiative
Mid-America Angels is a regional network of accredited investors that are dedicated to funding promising early stage companies in the Kansas-Missouri region. MAA typically participates in seed, Series A, and Series B funding rounds.
MAA invests in companies in Kansas and Missouri, providing early stage funding in the seed ($250,000 to $1.5 million), Series A ($1 million to $3 million), and Series B ($3 million to $5 million) rounds.
The MAA prefers to invest in companies that have a developed product or service, with some paying customers. Companies that have a proprietary technology, an early market lead, an exceptional management team, and the potential for rapid and scalable growth are of particular interest. It is also advantageous if a company has a credible exit strategy for investors, as well as a compelling strategy for capturing market share.
Interested entrepreneurs can apply to pitch their company’s investment opportunity to the Mid-America Angels by using the online application.
Midwest Venture Alliance
Purpose of Initiative
Midwest Venture Alliance (and its affiliate, the Southeast Kansas Venture Alliance) is a network of accredited investors that are committed to investing in high-growth seed and early stage technology companies in Kansas and surrounding states.
Midwest Venture Alliance provides seed and early stage capital in the range of $250,000 to $2 million.
The Midwest Venture Alliance is looking to invest in early stage technology companies with the potential to rapidly scale into market leadership and gain a competitive advantage. In particular, situations that involve a market opportunity large enough to create a business with at least $30 million in annual revenue; businesses with a disruptive or new-market innovation; those with a well-articulated strategy for capturing market share; those with a proprietary technology; and those with a strong management team are all of interest to the Midwest Venture Alliance. In addition, companies that have an exit strategy for investors are also viewed as favorable candidates for investment.
Companies that wish to be reviewed by the Midwest Venture Alliance must first submit their funding application and an Executive Summary online (there is a $100 application fee). The MVA Screening Committee will then review the applications. Companies that pass the initial screening will have their funding application and Executive Summary posted to a secure area of the organization’s website, so that it is viewable only by MVA members. Companies that pass the initial screening and have their materials posted to the website will then give a 15-minute presentation at a scheduled MVA meeting. If interest is shown after the presentation, a member of the MVA will lead the due diligence process. Once due diligence has been completed, interested members will negotiate deal structure and terms with each company. The first step is submitting the application, which is available here.
Updated March 2018 by Kristen Johnson