Venture capital sidecar fund KCRise has invested in five more companies. The companies selected are ShotTracker, SMRxT, SquareOffs, Backlot Cars and Bardavon Health Innovations.
As a sidecar fund, the KCRise Fund co-invests with institutional VC investors in early-stage Kanas City companies.
“The KCRise Fund has been a game changer when it comes to encouraging early stage investment in KC-based start-ups and entrepreneurs,” said Darcy A. Howe, KCRise Fund managing director. “With these five companies joining the portfolio, we believe we are really tapping into high-quality deal flow that continues to exceed our expectations. Having both the investor base and portfolio companies in the same region, connecting companies to resources and customers, is proving to be KCRise Fund’s secret sauce.”
KCRise Fund previously invested in blooom, Dunami, Innara Health, Pepper IoT and SpiderOak.
ShotTracker applies motion pattern recognition algorithms, location sensing and analytics to sports. ShotTracker TEAM captures nearly every statistic of an entire basketball team in real-time.
SMRxT uses a system called Nomi to capture data from patients in real-time to monitor how they take their medication. The system translates patient behavior into information that automates patient interventions and engagement.
SquareOffs is a social opinion platform that promotes meaningful conversation around content. Its purpose is to increase engagement and revenue for online publishers and brands.
BacklotCars is a wholesale automotive marketplace. Auto dealers, auto finance and rental car companies can liquidate and acquire used inventory without going to physical auto auctions.
Bardavon Health Innovations provides innovative technology, services and solutions to the health care industry, specifically relating to worker’s compensation programs.
Since its launch in February 2016, the KCRise Fund has attracted $15.3 million in capital and has invested $3.75 million in 10 portfolio companies. The KCRise Fund has contributed to the approximately $49.5 million collectively raised by portfolio companies in these funding rounds.
Companies seeking KCRise Fund investment must have high growth potential; reside or have substantial operations between Manhattan, Kansas and Columbia, Missouri; be seeking at least $1 million in a Series A round and have an approved venture capital firm investor in the funding round.
