McCownGordon invests in KCRise fund
Company demonstrates its continued commitment to Kansas City’s future
KANSAS CITY, Mo. (March 5, 2020) – McCownGordon Construction, one the Midwest region’s largest construction management firms, recently committed to investing in KCRise Fund II. The co-investment fund supports Kansas City and regional startups and entrepreneurs in early stages. It recently launched its second fund.
“Our company prides itself on having an entrepreneurial spirit and people, its embedded in our culture. The Kansas City community has been a great place for us to grow and flourish,” said Ramin Cherafat, CEO of McCownGordon. “As we continue to grow regionally, we intend to remain an integral part of the fabric of Kansas City, and to us that means investing in the future of our region. KCRise Fund offers the perfect opportunity for us to pay tribute to our founding while supporting the long-term success of our business economy.”
KCRise Fund invests in early stage companies in the western half of Missouri and the state of Kansas. It currently has a portfolio of 23 companies including BacklotCars, Bardavon Health Innovations, blooom, Bellwethr, ShotTracker and many others. Since their first investment, the 23 portfolio companies have raised $282 million in capital from early stage investors coast to coast.
“Businesses like McCownGordon and our other investors are integral to the success KCRise Fund has achieved,” said Darcy Howe, founder and managing director of KCRise Fund. “We’re seeing more venture capital firms express interest in Kansas City, but our hometown investors got us started and continue to be a key component of our strategy.”