TL;DR: Missouri registers VC record; LaunchCode turns 5

• Clayton-based venture capital firm RiverVest Venture Partners has raised $167.5 million for a new fund specializing in the life sciences sector.

• Former Sprint executive Kevin McGinnis wants to establish a new innovation hub near downtown Kansas City. He said the district will be modeled after similar areas in cities like St. Louis and Detroit.

• Techstars Kansas City wrapped up its latest cohort with a demo day as part of Techweek Kansas City, and civic data startup Townfolio announced it had agreed to a partnership with the Kansas City Area Development Council and would open a Kansas City office.

• LaunchCode celebrated its fifth anniversary. Founder Jim McKelvey said the St. Louis-based nonprofit has helped 1,400 people start tech jobs in the city, but added that a shortage of tech talent persists and is “constraining the growth of every corporation in St. Louis.”

• St. Louis may become a Major League Soccer city yet. The family behind the car rental company Enterprise is making a bid for one of the league’s last two expansion teams.

TL;DR is a rundown of Missouri entrepreneurship and startup news you may have missed from the week gone by. Keep current on all the latest by subscribing to Missouri Business Alert’s email newsletter


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