Funding Stories
‘Shark Tank’ sets stage for Bryght Labs’ new smart play product rollout amid MO funding uptick
Fresh off a successful appearance on “Shark Tank,” Olathe-based connected gaming startup Bryght Labs hopes to capitalize on that exposure to build momentum, said founder and CEO Jeff Wigh. Wigh and co-founder Adam Roush were featured on an episode that aired in December, pitching their product ChessUp, a patented chess board that uses AI technology…
C2FO: $10M investment from Starbucks CEO will unlock $100M in loans to small, diverse businesses
One of Kansas City’s most successful scaling startups announced Tuesday a new initiative — funded by Sheri Schultz and Starbucks CEO Howard Schultz — to provide access to $100 million in working capital for small and diverse businesses. The partnership — designed to use Leawood-based C2FO’s innovative lending approach to deliver flexible, equitable access to…
Kauffman awards $5.3M to DreamSpring to expand microlending to underserved entrepreneurs in KC
A newly announced $5.3 million grant is expected to vastly expand access to small business credit among historically underserved entrepreneurs in Kansas City, said Philip Gaskin, detailing the latest in a series of funding awards this week from the Ewing Marion Kauffman Foundation. DreamSpring, a nationally recognized nonprofit Community Development Financial Institution (CDFI), is set…
Web3 startup led by one of KC’s best-known exited founders redeems $2.5M pre-seed round
Redeem, a blockchain agnostic connectivity layer for Web3 that leverages phone numbers to send, receive and redeem utility NFTs, announced Wednesday its $2.5 million pre-seed funding round ahead of its launch, led by veteran blockchain investor Kenetic. The round also includes local venture firms Flyover Capital and KCRise Fund. Funding is expected to be used…
United Way launching $2M fund with Kauffman to back nonprofits that serve people of color
A new Nonprofit Catalyst Fund is expected to help the United Way of Greater Kansas City invest in advancing small nonprofit organizations that serve Black, Latino, and other people of color in the community, said Essence Yancey. “We believe that small, nonprofit organizations within communities of color play a key role in addressing a range…
