Filing shows how the area’s newest VC fund is raising its money


One of Kansas City's newest venture capital firms has raised $2.8 million, according to a U.S. Securities and Exchange Commission filing.

Novel Growth Partners has secured 18 accredited investors to date and has set a $50,000 minimum investment from outside investors in an ongoing fundraising effort, according to the filing. Investors will receive equity and pooled investment fund interests.

Novel Growth Partners is targeting software companies in the Midwest with at least $500,000 in annual…

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