GRAND RAPIDS — Michigan Capital Network has further expanded its angel investment network across the state with the addition of Saginaw-based BlueWater Angels.

The addition expands Grand Rapids-based Michigan Capital Network to five angel investing affiliates that include Grand Angels in Grand Rapids, Ka-Zoo Angels in Kalamazoo, Woodward Angels in Detroit, and Flint Angels.

The addition of BlueWater Angels expands Michigan Capital Network into mid-Michigan and the Saginaw and Midland markets. The addition grows the organization to more than 160 active members who hold investments in 76 portfolio companies, and also brings investments under management to more than $50 million.

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