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Firebrand Ventures inks $17.7M for oversubscribed seed fund

Bobby Burch at Startland News gave Super Dispatch a shout out because of its encounter with the famous venture capital fund Firebrand Ventures:

?Kansas City-based seed fund Firebrand Ventures has crushed its original goal to create a $7 million seed fund for startups in the Midwest.

Led by investor and former Techstars managing director John Fein, the fund raised $17.7 million for tech ventures in the Midwest, exceeding its initial goal by about 250 percent, said Fein.

?I?m very grateful to all of the limited partners who invested in Firebrand,? Fein said. The fact our initial target was $7 million and we ended up at $17.7 million puts us in an even stronger position going forward. Compared to our initial plan, we can invest in more exceptional founders and reserve more capital for follow-on investments.

The Firebrand Ventures fund will invest its $17.7 million in about 10 to 12 Midwest startups per year with an average check size of $200,000, Fein said. The fund?s portfolio currently includes 12 companies, including Super Dispatch, FitBark and Sickweather, which call the Kansas City metro home.

Read more about how this oversubscribed seed fund has helped numerous Kansas City early-stage startups here...

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