KANSAS CITY, Mo.–(BUSINESS WIRE)–Tesseract Ventures, a Kansas City-based technology company helping organizations become smarter, better connected and more efficient through next-generation robotics, 21st century software and radically connected platforms, is pleased to announce the closing of a $2 million investment from UMB Capital Corporation, a financial entity headquartered in Kansas City, MO.
“We are thrilled to have the opportunity to partner with UMB as we grow Tesseract,” said John Boucard, founder and CEO, Tesseract Ventures. “Both companies are committed to fostering innovation in Kansas City, and it’s wonderful to work with a team that understands the potential of this space. The process has been seamless so far and we’re looking forward to working together to build something special.”
Tesseract is consistently working to bring recognition and high-level innovation to the Kansas City area. Financial backing from one of Kansas City’s largest financial entities ensures the company will be able to continue the development of their innovative work. Utilizing this investment, Tesseract plans to broaden its expertise in areas such as advanced robotics, AI systems, 21st century Construction + Design and its own internal research and development studio, Future Lab. Investments like this make it possible for Tesseract to expand its presence in the community and continually pursue technological advances.
“With a long history of making investments across the country, we are honored to be a part of Tesseract’s equity round of financing,” said Mariner Kemper, chairman, president and CEO, UMB Financial Corporation. “We believe they demonstrate what makes Kansas City great – an entrepreneurial spirit and the drive to make businesses work smarter.”
As a next-generation technology company, it is the mission of Tesseract to create tools that will maximize and enhance productivity for corporations globally. This investment from UMB Capital Corporation solidifies backing from local companies and supports the technology revolution currently taking place in Kansas City.
For more information about Tesseract, visit www.tesseractventures.io.
About Tesseract Ventures
Tesseract Ventures was founded in 2018 by John Boucard, a veteran inventor, engineer and technologist. The company enables businesses to defy the boundaries of space and time through next-generation technologies. Robots, smart spaces, wearables and radically connected platforms are just some of the tools created by Tesseract in its mission to make industries smarter, better connected and more efficient. The company is based in Kansas City, MO – America’s most quietly revolutionary place. For more information, visit www.tesseractventures.io.
About UMB Capital Corporation
UMB Capital Corporation is a small business investment company founded in 1984. Since then, our focus has evolved to a multi-strategy fund, investing in companies in the Midwest and across the United States. Our specialty is effectively capitalizing middle-market businesses, as well as helping high-growth financial technology companies achieve long-term goals. Over the last five years, UMB Capital Corporation has assisted more than 40 companies by providing financial solutions that meet their financial needs. Our typical investment ranges from $500,000 – $7,500,000 in the middle market strategy and $250,000 – $2,500,000 in the financial technology strategy. For more information, visit UMB’s website.