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Key people at Michigan Angel Fund.
Michigan Angel Fund was founded in 2007 by Mike Flanagan (Managing Director & Co-founder).
The Michigan Angel Fund operates as a professionally managed, pooled angel fund providing capital to early-stage, capital-efficient companies throughout Michigan. It strategically supports promising ventures by consolidating angel investments, delivering crucial financial backing. This strengthens the regional entrepreneurial landscape, facilitating investment into nascent businesses and nurturing their development.
Ann Arbor SPARK established the Michigan Angel Fund, supported by the Michigan Economic Development Corporation. This collaboration arose from a recognized need to foster a more active investment climate in Michigan, targeting emerging companies and growing the state's angel investor community. Its formation enhances funding access for innovative local ventures.
The fund primarily supports Michigan-based early-stage companies seeking initial investment for scaling operations and product development. Engaging with entrepreneurial stakeholders, the Michigan Angel Fund finances promising entities and contributes to their sustained success. Its vision focuses on cultivating a dynamic, self-sustaining ecosystem for innovation and growth within Michigan.
Key people at Michigan Angel Fund.
Michigan Angel Fund was founded in 2007 by Mike Flanagan (Managing Director & Co-founder).
Michigan Angel Fund has 7 tracked investments across 6 companies. The latest tracked deal is $4.5M Seed in Kumanu in October 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 4, 2017 | Kumanu | $4.5M Seed | Robert Boylen | Tappan Hill Ventures, Wakestream Ventures |
| Apr 4, 2017 | Groundspeed Analytics | $2.0M Series A | ManchesterStory | Tappan Hill Ventures |
| Nov 11, 2015 | ContentOro | $450K Seed | — | Invest Michigan, LIS Ventures |
| Sep 3, 2015 | VNN | $3.7M Other Equity | Arsenal Venture Partners | Avram Grant, NIR Arkin, First Step Fund, Grand Angels, North Coast Technology Investors, Northern Michigan Angels, RSL Venture Partners, Start Garden |
| Nov 1, 2014 | Avegant | $9.0M Series A | NHN Ventures, ROB Rueckert | DN Capital, FJ Labs, Snoop Dogg, 500 Startups, CrunchFund, Kaiwu Capital |
| Feb 1, 2014 | VNN | $3.0M Series A | Arsenal Venture Partners | Hanaco Ventures, First Step Fund, Grand Angels, Muskegon Angels, North Coast Technology Investors, Northern Michigan Angels, RSL Venture Partners, Start Garden |
| Oct 1, 2013 | Biophotonic Solutions | $1.0M Series A | Michigan Angel Fund | — |
