Five more early-stage Kansas City-area companies have been selected for investment by the KCRise Fund.
The venture capital sidecar fund, founded last year to spur early-stage investment in local companies with high growth potential, announced its second funding round. Recipients are:
▪ ShotTracker, which uses motion pattern recognition and analytics to capture basketball statistics.
▪ SMRxT, a medication adherence company that monitors patient behaviors.
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▪ SquareOffs, a social opinion platform for content discussions.
▪ BacklotCars, a wholesale vehicle marketplace to move used inventory without auctions.
▪ Bardavon, a technology service company focused on workers compensation programs.
The five new companies join first-round recipients Blooom, Dunami, Innara Health, Pepper IoT, and Spider Oak.
The KCRise Fund, part of the KC Rising initiative to improve Kansas City’s global competitiveness, is led by Darcy Howe with board members Toby Rush, founder of EyeVerify, and Ron LeMay, with Open Air Equity Partners.
Since its 2016 founding, the fund has attracted $15.3 million in capital and has invested $3.75 million in the 10 companies by co-investing with institutional venture capital investors.
The KCRise investments are part of about $49.5 million raised overall by the 10 companies.