MICHIGAN—The Michigan Rise Pre-seed Fund III has closed at $6.5 million in state investments to back a strong pipeline of startup companies. Created a year ago and administered by the Michigan State University Foundation, Michigan Rise has at least 10 startups awaiting investments.
KANSAS CITY, KS—VC firm Flyover Capital Partners has closed on their Capital Tech Fund II and Flyover Capital Tech Fund II-QP (collectively, “Fund II”) with over $60 million in capital commitments, exceeding its $50 million target. The fund will further the VC’s goal of creating companies poised to transform the largest industries in middle America.
LINCOLN/OMAHA, NE—Burlington Capital, along with partner Invest Nebraska, announced the launch and initial closing of a new venture capital seed fund, Burlington Capital Ag-Venture, focused on Midwest AgTech innovation. Burlington Capital Ag-Venture intends to raise $11 million and expects to do so with a final close at the end of the year.