ANN ARBOR—Channels Inc., developers of online event planning software, announced it landed a $520,000 seed round, led by Sahra Growth Capital, bringing its total funding so far to $571,800. Founded by a youthful trio—Siddharth Kaul (18), Elan Rosen (20), and Ibrahim Mohammed (20)—Channels helps organizations navigate through physical work, starting in the event industry. Jamal Al-Barrak, the managing
TROY - Algo announced it has received a multi-million dollar investment from Plymouth Growth, an Ann Arbor private equity finance company. This new capital and strategic partnership will allow Algo to deepen its market penetration and increase sales and marketing capabilities. Details were not announced. Algo is a SaaS solution provider used by enterprise businesses,
JACKSON—The Michigan Credit Union Foundation, True Community Credit Union, and Henry Ford Allegiance Health have jointly donated $100,000 to The Launch Pad, a mixed-use business incubator program in Jackson. The Launch Pad encourages the formation of local, neighborhood, and service-based businesses, and provides resources, education, and space to serve underserved and underrepresented communities in business.
MUSKEGON — The creator of an online network for women veterans to connect and lower the rate of military suicide won the 2021 Lakeshore Innovator of the Year Award, presented by Grand Valley State University's Muskegon Innovation Hub. Zaneta Adams, president and founder for WINC: For All Women Veterans, was named the winner from five
GRAND RAPIDS—MaxOne, a Grand Rapids-based online youth coaching startup, announced it had raised $3.5 million in Series A financing. The round was led by Stadia Ventures, a St. Louis-based sports and eSports venture firm, and also included NBA star Chris Paul, the Piquet Family Office, a minority owner of the Texas Rangers, and the Grand
ANN ARBOR - Kathleen Norton-Schock returns to update all the events scheduled for the remainder of 2021 for the Michigan Council of Women in Technology. MCWT Every day we work toward our mission to inspire and grow women in technology. A diverse IT workforce is a vital part of Michigan’s transformation and we strive to
MUSKEGON - Five groups or individuals have been selected as finalists for the 2021 Lakeshore Innovator of the Year award, presented by Grand Valley State University’s Muskegon Innovation Hub. The award celebrates and recognizes the most innovative ideas on the Lakeshore. The winner will be announced at a ceremony July 29 from 5-7 p.m. at
ANN ARBOR - What does it take to get private equity financing from an Angel Investing group? David Weaver who supervises deal flow for the Birmingham Angels and City Side Ventures tells you the ins and outs in the very informative video interview. If you're looking to finance your technology-focused startup, even if it is
ANN ARBOR -Renaissance Venture Capital has closed its fourth fund with $77.5 million of new capital. Since it opened in 2008, Renaissance has raised over $280 million, making it the largest “fund of funds” of its kind in the United States. Renaissance has become a role model for similar funds that have emerged in Cincinnati,
FLINT—Officials at the Louisville, Ky.-based healthcare business accelerator XLerateHealth announced the selection of six startup companies to participate in the 2021 cohort of startups at its Flint office. This year’s program will be fully virtual following last year’s success in light of COVID adaptations. XLH Flint is funded by the Charles Stewart Mott Foundation and the
