PE Tech Report


Like this article?

Sign up to our free newsletter

Flyover Capital closes Fund II at USD60m

Flyover Capital Partners (Flyover Capital), a Kansas City-based venture capital firm focused on investing in early-stage technology companies, has closed the Flyover Capital Tech Fund II and Flyover Capital Tech Fund II-QP (Fund II) with over USD60 million in capital commitments, exceeding its USD50 million target.

“We set out to invest in the next generation of technology success stories outside of the traditional tech hubs,” says 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 USD110 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. 

“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,” adds 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 says: “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 USD0.5 million to USD2 million in rounds between USD1 and USD5 million.

Flyover Capital remains uniquely positioned to capitalise on the democratisation 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.

Like this article? Sign up to our free newsletter