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Key people at Northern Michigan Angels.
Northern Michigan Angels operates as a prominent network connecting accredited investors with early-stage companies, primarily focusing on the Northern Michigan region. The group actively provides essential investment capital, alongside strategic advice and mentorship, to foster the growth of emerging businesses. Their investment scope is broad, covering sectors such as alternative energy, business services, consumer products, and media, with specialized interests in IT hardware, software, and various life science subsectors.
The organization was established by Deanna Cannon, who is recognized as its founder, with operations commencing around 2012. The impetus behind its creation stemmed from a recognized need to cultivate the economic landscape of Northern Michigan. By mobilizing experienced entrepreneurs and business leaders, the group sought to bridge the capital gap for promising local startups while also creating opportunities for financial returns for its members.
The beneficiaries of Northern Michigan Angels' activities are nascent companies seeking early-stage funding and guidance to scale their operations. The long-term vision encompasses contributing significantly to the economic vitality of the region by nurturing a robust ecosystem for innovative ventures. This dual focus on regional economic development and generating substantial returns for its investor members underscores its forward-looking commitment to community and enterprise.
Key people at Northern Michigan Angels.
Northern Michigan Angels has 4 tracked investments across 3 companies. The latest tracked deal is $3.5M Seed in Claira in May 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 3, 2022 | Claira | $3.5M Seed | Conor Mcguinness | Connetic Ventures, First Step Fund, Trend Forward Capital |
| Sep 3, 2015 | VNN | $3.7M Other Equity | Arsenal Venture Partners | Avram Grant, NIR Arkin, First Step Fund, Grand Angels, Michigan Angel Fund, North Coast Technology Investors, RSL Venture Partners, Start Garden |
| Feb 1, 2014 | VNN | $3.0M Series A | Arsenal Venture Partners | Hanaco Ventures, First Step Fund, Grand Angels, Michigan Angel Fund, Muskegon Angels, North Coast Technology Investors, RSL Venture Partners, Start Garden |
| Jul 11, 2013 | GreenLancer | $223K Series A Extension | — | Bizdom, Blue Water Angels, Rick Devos |