KC Rise Fund Brings Additional $34 Million in Venture Funding

KC Rise Fund has closed its third venture-capital fund, which will bring $34 million in new capital to fund technology startups in the Kansas City region.

Like its two predecessor funds, KCRise Fund I and II, the latest installment aims to further build on the firm’s goal of investing in high-growth regional companies.

Since its founding in 2016, KC Rise Fund has generated more than $90 million in assets under management, with investments in 48 portfolio companies. Then of those have already led to exits, including four acquisitions by public companies, officials said. Among the most notable of those were BacklotCars and PayIt.

The initial funding mechanism has already returned nearly 100 percent of capital back to its investors, with half of its portfolio companies still unrealized, officials said.

You can read more about KC Rise Fund III, here.

Published June 29, 2023