KCRise Fund, a new Kansas City-based venture capital fund that piggybacks on other investor funding, has announced investments in SpiderOak and Innara Health.
SpiderOak, an online data security company based in Mission, Kan., and Innara Health, a developer of neonatal medical products based in Olathe, Kan., are the fund’s first recipients.
KCRise investments are capped at $1 million over time, but initial investments are designed to be between $200,000 and $500,000 each.
The KCRise Fund was created earlier this year with about $10 million in investments from 30 area individuals, families, institutions or companies. It’s designed to co-invest with institutional venture capital firms to help early-stage entrepreneurship.
Read more: Kansas City Star