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Flyover Capital Closes Fund II at $60 Million

·3-min read

Kansas City’s first early-stage venture capital firm to surpass $100+ million in total AUM

OVERLAND PARK, Kan., September 02, 2021--(BUSINESS WIRE)--Flyover Capital Partners, LLC ("Flyover Capital"), a leading Kansas City-based venture capital firm focused on investing in early-stage technology companies, today announced the closing 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 $50 million target.

"We set out to invest in the next generation of technology success stories outside of the traditional tech hubs," said Thad Langford, Founder and Managing Partner. "The longstanding support by our limited partners has allowed us to execute towards that mission. We look forward to continuing to identify world class entrepreneurs, build a differentiated brand, and support founding teams that are creating incredible companies poised to transform the largest industries in Middle America."

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

  • 6 exits across the firm’s portfolio

  • 1 partner-level promotion and 3 new members added to the investment team

  • 10 states represented in the portfolio, providing geographic diversity

  • $100+ million in AUM, solidifying Flyover Capital as the largest venture capital firm in the state of Kansas

"The confluence of the ability to build great technology companies regardless of geography and the lack of venture capital outside of three states – California, Massachusetts, and New York – has strengthened our investment thesis grounded in the economic principles of supply and demand," added Keith Molzer, Founder and Managing Partner.

The investment team, led by newly promoted Partner Dan Kerr, is evaluating opportunities focused on B2B and enterprise software that complements the region’s natural and industrial strengths. Kerr said, "We have seen continued growth of the early-stage ecosystem and expect increased remote work and relocations to reinforce the region’s human startup capital."

The new fund will make initial investments at the seed and post-seed stages, targeting initial equity investments between $0.5 million to $2 million in rounds between $1 and $5 million.

Flyover Capital remains uniquely positioned to capitalize on the democratization of technology companies. Since its inception in 2014, the firm has partnered with 20 technology companies and continues to focus on investing in innovative founders with industry-leading value propositions in verticals such as fintech, insurtech, proptech, agtech, logistics, transportation, supply chain, and data security.

About Flyover Capital

Flyover Capital is a venture capital firm whose mission is to create the next generation of technology success stories outside of the traditional tech hubs of Silicon Valley and the Northeast corridor. Founded in 2014, Flyover Capital invests in seed and early-stage technology companies located in "flyover country" of the United States. Flyover Capital partners with entrepreneurs, corporations, universities, and venture capital firms who are transforming the heartland’s largest industries through technology. Flyover Capital has partnered with Montage Investments, an operationally oriented investment firm specializing in alternative investments. For more information, please visit www.flyovercapital.com.

About Montage

Montage brings together a diverse group of institutional investment managers – each offering a distinct approach to money management that reflects many decades of professional experience and proprietary investment strategies across global asset classes. The firm's organizational approach is to allow individual investment managers to retain their boutique approach, talent and culture that have proven records of adding value to portfolios and meeting client objectives. Visit www.montageinvestments.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210902005659/en/

Contacts

Katheryn Mueller, Press & Investor Relations Contact, 913-904-5482, investors@flyovercapital.com

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