The Collective Funds is Kansas City’s new venture capital company. It will be dedicated to local companies in their seed stage that already have a product developed, with their first client in tow.
In the next two to four years, the firm plans to dispose $10 million and intends on financing around 20 to 30 firms, with average investments in the range of $250,000. Startups in hardware, goods and services, and technology are some of the target investee companies. They are also utilizing the platform Venture360 for managing the applications of potential investors.
The venture capital firm is composed of 35 individual investors. They are headed by a number of experienced consultants, financiers and entrepreneurs. The managing partners are Alex Altomare, The Lean Lab’s founding president, and the co-founder and CEO of the BetaBlox accelerator; Shane Spencer, an independent fund manager with Petro Royalty Partners, Angel Capital Group and Green REIT; Blake Miller, who was named the Next Gen Leader by Kansas City Business Journal and current Director of the Think Big Accelerator; and Erik Wullshleger, co-founder of the Sprint Accelerator and Director of LiveKC.