• 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.