As a result of EyeVerify’s sale to Ant Financial, several local investors stand to benefit—including those involved with the Mid-America Angels and Women’s Capital Connection.
As EyeVerify was starting up, 46 area angel investors put more than $2 million into the company.
“This exit is the latest in a long string of very favorable exits for MAA investors,” said George Hansen, executive director of the Mid-America Angels and the head of the Enterprise Center of Johnson County.
“It is our hope that those who have yet to participate in early-stage investment will grow to see this asset class as higher risk with potentially terrific returns. That has certainly been the case with EyeVerify.”
EyeVerify and Mid-America Angels have a long, positive track record. The group supported his previous company, Rush Tracking Systems, and RTS’ acquisition in 2009 was MAA’s first “liquidity event” associated with an exit. In fact, Rush even rented office space in the Enterprise Center’s location.
“MAA has a long history with EyeVerify and we couldn’t be prouder of Toby and his team’s great accomplishments. We have been fortunate to have an opportunity to help this innovative company grow and create jobs in the Kansas City area over the past four years,” said Rick Vaughn, managing director of the Mid-America Angels.