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GROWKS MULTI-FUND
PROGRAM

Investment support for Kansas-based seed/early-stage venture funds

GROWKS Multi-Fund

This new program will invest in multiple Kansas-based seed/early-stage venture funds with a maximum of $2M in any one fund for a total program allocation of $6M dollars. 

 

These firms will be selected by the GROWKS Multi-Fund selection committee.

 

These funds must meet the criteria set forth by the Kansas Department of Commerce, NetWork Kansas, and the U.S. Department of Treasury SSBCI 2.0 guidelines. 

  • Kansas HQ, <$50M Fund Size

  • New or emerging fund managers, and/or minority/female fund managers

  • Demonstrated Kansas entrepreneurial ecosystem building

  • Not restricted to, but must actively source deals in Kansas per investment thesis

  • Commitment maximum is 10% of total fund size

  • Maximum 1.71% Services to Portfolio Companies paid (over the life of the fund)

  • No Services to Portfolio Companies paid after 10 years

  • Signed list of services provided to portfolio companies annually

  • GROWKS Fund Side Letter (MFN, Eligible Business Purposes, Reporting, SO, COI)

  • No deal rounds over $20M

  • Understanding SSBCI Conflict of Interest requirements (no SSBCI insider has a personal financial interest in the target company)

  • Make site visits to Kansas’s metropolitan areas (Wichita, Lawrence, Manhattan, Topeka) to make relationships with ecosystem partners

  • No deal warehousing

  • No secondary market transactions

Interested parties should provide documentation as outlined in the

More Information Request Form to equity@networkkansas.com

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