TLDR:
- Facility Ally and DevStride receive $1.4M in investment allocations through Missouri Technology Corporation.
- Facility Ally plans to use the funding to hire more local sales and development team members in Kansas City.
Two Kansas City startups, Facility Ally and DevStride, have been selected to receive a collective $1.4 million in investment allocations through the Missouri Technology Corporation’s venture capital program. Facility Ally, led by Luke Wade, plans to use the funding to expand its local team in Kansas City. DevStride, co-founded by Phil Reynolds, focuses on bridging the gap between internal agile practices and external commitments. The investment further validates the direction and growth of these startups, showcasing their potential for success. Additionally, investments were announced for three St. Louis companies, including Maximum Fidelity Surgical Simulations, Pairidex, and Trelus. MTC has awarded over $11 million in investment allocations through the IDEA Fund since January 2023, with several Kansas City companies benefiting from the program. Companies receiving allocations have up to a year to close their funding round and receive the investment from MTC, showcasing the ongoing support and commitment to fostering high-growth potential startups in Missouri.
