CitySide Ventures 2020 Report: $1.4 Million Invested In 18 Startups

CitySide Ventures 2020 Report: $1.4 Million Invested In 18 Startups

ANN ARBOR – Dave Weaver, the Chief Investment Officer at CitySide Ventures, provides the 2020 investment recap for his angel group and introduces a new website for entrepreneurs and investors to track deals. It’s called SidePitch.Com.

Among the companies, the group is invested in Commando LockREZACask & KettleFanLabel, Adlore, Inc., BioSenseFanLabelLife MagneticsPathwareSampleServeJunction AIDanceFightBrandXRAlerjeClicktivatedFixMyCarPassiveBolt and SpeedSize.

David Weaver, City Side chief investment officer, said 28 companies were fully vetted, giving CitySide a closing ratio of 64 percent.

“We are noticing a significant increase in the level of participation from the money that was sitting on the sideline for the longest time,” Weaver said.

“Part of it we attributed to the variability and the growth of the local Michigan economy and no small part to the backroom support we have created to accommodate our members and facilitate their participation. We are delighted to see the early-stage space growing and we need more people that are willing to be a part of this movement to put Michigan on the map.”

Weaver said CitySide expects 2021 to be an even stronger funding year for our Birmingham Angels members with the group growing in size every month, and many new exciting companies coming out of the Michigan startup ecosystem.

Weaver will appear live on MITech TV Monday Dec. 14 at 2 pm. You can view the show on Facebook.Com/M2Techcast.

For more information about CitySide Ventures or membership information in Birmingham Angels, please visit our website at https://citysideventures.com/birmingham-angels

 

By |2020-12-17T09:04:38-05:00December 17th, 2020|Entrepreneurs, mitechtv|

About the Author:

Founder of Michigan News Network, and serves as CEO, as well as Editor & Publisher of MITECHNEWS.COM. Brennan has worked since 1980 as a technology writer at newspapers in New York, NY, San Jose, CA., Seattle, WA., Memphis, TN., Detroit, MI., and London, England. He co-founded and served as managing editor of Pacific Rim News Service (SEATTLE), which developed a network of more than 100 freelance journalists in 17 Asia-Pacific countries.

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