Kansas City Investment Firm Invests In 2 Boulder and 2 Austin Startups
Two startups from Boulder; inKind and Automox, and two startups from Austin; Threatcare and ScaleFactor all received investments from a relatively young Kansas City venture firm called Firebrand Ventures.
Firebrand Ventures is led by John Fein who was the original managing director for the Sprint Accelerator, by Techstars, also based in Kansas City. Their first fund is a $7 million dollar seed fund. The firm launched last July. Startland News reports that they plan on investing the $7 million dollars into 30 startups by 2019. The checks will be around $150,000.
Fein wants to invest the money in midwest companies which he defines as San Antonio to Minneapolis and Boulder to Columbus. These four companies are the latest additions to the portfolio which also includes: Kansas City based Fitbark and Sick Weather along with Des Moines based Dwolla.
Here are brief descriptions of their newest portfolio companies courtesy of Startland News.
inKind is a Boulder-based firm that created a finance platform providing high-end restaurants with capital up front and then selling gift cards upwards of $500 to pay itself back. Firebrand’s investment is part of a $1 million round and is led by Techstars Ventures and Firebrand.
Threatcare is an Austin-based cybersecurity firm that provides an intrusion simulation platform enabling organizations to continuously fine-tune and audit their cybersecurity stack. Customers include Ernst & Young and Marsh & McClennan. Investors in the round are Firebrand, Gula Tech Adventures and Don Douglas from Geekdom Fund.
Automox is a Boulder-based data security SaaS firm that provides a cloud-based patching platform that automates the patch remediation process for Windows, Mac OS X, Linux, and every third party software. Firebrand’s investment is part of an oversubscribed $1.3 million round that includes Blue Note Ventures, v1.vc and Tahoma Ventures.
ScaleFactor is an Austin-based finance and accounting firm that integrates with existing cloud software to provide automation tools for bookkeeping, tax compliance and financial analysis. Firebrand’s investment is part of an oversubscribed $2.1 million round that includes Next Coast Ventures, Techstars Ventures, Edison Factory and Matchstick Ventures.