Kansas City has a new venture capital firm. The Collective Funds will target Kansas City-based seed-stage companies that have a developed product and their first customer already lined up.
The firm intends to deploy $10 million in the next two to four years. It will look to invest in about 20 to 30 companies, with an average investment of about $250,000. Targets will include startups in technology, hardware, goods and services.
