GRAND RAPIDS – Michigan Capital Network has submitted filings with the Securities and Exchange Commission to increase the total investment amount of its Fund IV from $25 million to $35 million. MCN is the state’s largest association of regional angel investing groups and the management entity for four venture capital funds. “This expansion reflects the
ANN ARBOR - CitySide Ventures has launched its $10 million Great Lakes Angels Fund by investing an undisclosed amount of money in three start-up companies. David Weaver, CitySide Chief Investment Officer, said more early-stage capital is available to keep new companies in Michigan and grow the Michigan ecosystem. He said the fund would like to
GRAND RAPIDS - Grand Angels plans to launch its third venture capital fund, seeking $15 million to $25 million that builds off of two prior, smaller venture capital funds at the organization. The new fund would target investments in advanced manufacturing, advanced agriculture, life sciences and software, all of which were focuses of the previous funds. Managing
ANN ARBOR - The Michigan Angel Fund invested nearly $3 million in six deals during 2015, including almost $1.6 million in the last quarter alone. With 100 members, the Michigan Angel Fund is the largest angel organization in Michigan and has 15 companies in its portfolio. The group funds companies that are seeking early investments
