ANN ARBOR – The Michigan Angel Fund has invested in four women-founded technology companies – what Managing Partner Skip Simms described as “purely coincidental.”
But, Simms senior vice president of Ann Arbor SPARK, added the investments can be viewed as a marker of a growing trend of women-led companies.
He said outcomes of that shift have included more focus, awareness, and interest in both women- and minority-led companies at all levels, not just startups, “but it could be partly the result of a general cultural shift over the past decade. And overall, there are more women-led companies in the pipeline than ever before.”
He says MAF has always considered companies led by women.
“We don’t have any bias as to who the leader of a company is, whether they are male or female, white or minority,” he says. “We are just looking for smart people, good leaders who are passionate about what they are doing, with game-changing products, services, and technology.”
The angel fund is supported by Ann Arbor SPARK and concentrates on early-stage, capital-efficient, Michigan-based businesses.
The women-led companies receiving investments include:
Gamez International, the first woman-led enterprise to receive MAF funding in 2017. Kimberly Gamez created a crowdfunding platform called Mi Padrino that helps people create, plan, and share Hispanic celebrations.
Geo Ticket Portals, headed by Deb Fellows, is known for GeoTix. It’s an online platform geared toward entertainment venues who want to localize event ticket sales for their audiences.
Kathleen Craig is the founder of HTMA Holdings. Her product, Plinqit, is a mobile app that allows financial institutions to help their customers realize their savings goals.
Co-founded by Laura Khoury, Shoptelligence offers an artificial intelligence-powered platform that helps home décor and apparel retailers build ensembles for their online shoppers.
Jaishree Drepaul-Bruder, an Ann Arbor freelance reporter, wrote this story.