Flyover Capital, a venture capital firm, closes Fund II at $ 60 million



Flyover Capital, a venture capital firm, closes Fund II at $ 60 million

By Edlyn Cardoza

Flyover Capital Partners, LLC, a Kansas City-based venture capital firm focused on investing in early-stage technology companies, recently announced the closure of Flyover Capital Tech Fund II and Flyover Capital Tech Fund II-QP ( collectively, “Fund II”) with over $ 60 million in capital commitments, exceeding its target of $ 50 million.

“We have decided to invest in the next generation of technology success stories outside of traditional technology hubs,” said Thad Langford, Founder and Managing Partner. “The long-standing support of our sponsors has enabled us to carry out this mission. We look forward to continuing to identify world-class entrepreneurs, build a differentiated brand, and support founding teams who are creating incredible companies poised to transform Central America’s largest industries. “

The oversubscribed fund brings Flyover Capital’s total assets under management to approximately $ 110 million. The fund has received strong support from a diverse base of new and existing family offices and institutional investors, which represents a milestone during a period of tremendous momentum for Flyover Capital.

“The confluence of the ability to build large tech companies regardless of geography and the lack of venture capital outside three states – California, Massachusetts and New York – have strengthened our principles-based investment thesis. economics of supply and demand, ”added Keith Molzer, Founder and Managing Partner.

The investment team, led by newly promoted partner Dan Kerr, assesses opportunities focused on B2B and enterprise software that complement the region’s natural and industrial strengths. Kerr said, “We have seen continued ecosystem growth at an early stage and we expect an increase in remote working and outsourcing to strengthen the region’s start-up human capital. “

The new fund will make up-front investments at the seed and post-seed stages, targeting up-front capital investments of between $ 0.5 million and $ 2 million in rounds of $ 1-5 million.

Flyover Capital remains in a unique position to capitalize on the democratization of technology companies. Since its inception in 2014, the company has partnered with 20 tech companies and continues to focus on investing in innovative founders with cutting-edge value propositions in verticals such as FinTech, insurtech, proptech, agtech, logistics, transport, supply chain and data. Security.

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